Story perspectives

Frasers CEO Michael Murray named Hugo Boss supervisory chairman

By Drooid · Sep 16, 2026, 3:05 PM UTC · How we work

Summary

Hugo Boss appoints Murray

Hugo Boss appointed Frasers Group CEO Michael Murray as chairman of its supervisory board.
Murray replaces Stephan Sturm, who stepped down on 14 September after talks with Frasers.
Frasers increased its stake to 47.89% (33,054,959 shares) and targets over 50% ownership.
Frasers launched a €38-per-share, €1.98 billion takeover bid on 11 June.
The Hugo Boss board advised shareholders to reject the offer, saying it undervalued the company.

Summary

Hugo Boss names Westermann

Hugo Boss names Senior Vice President Carolin Westermann as media-relations contact, phone +49 7123 94-86321.
Hugo Boss names Senior Vice President Christian Stöhr as investor-relations contact, phone +49 7123 94-87563.
Robert Palmer has served as Director of Frasers Group Financial Services Limited since 2022.
Carolin Westermann’s email is carolin_westermann(at)hugoboss.com for media inquiries.
Christian Stöhr’s email is christian_stoehr(at)hugoboss.com for investor relations.

History

Historical Context

The German Aktiengesetz, which mandated a two-tier board in 1937, gives shareholders one vote per share and lets supervisory boards block large asset sales, shaping takeover defenses. Frasers Group CEO Michael Murray’s €1.98 billion bid for Hugo Boss, aiming for 47.89% of voting rights, directly tests how this historic framework still limits German M&A.

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Hugo Boss appoints Murray

Hugo Boss appointed Frasers Group CEO Michael Murray as chairman of its supervisory board.
Murray replaces Stephan Sturm, who stepped down on 14 September after talks with Frasers.
Frasers increased its stake to 47.89% (33,054,959 shares) and targets over 50% ownership.
Frasers launched a €38-per-share, €1.98 billion takeover bid on 11 June.
The Hugo Boss board advised shareholders to reject the offer, saying it undervalued the company.

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