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Evening Standard
Evening Standard
Henry Saker-Clark

Hugo Boss chairman to step down after pressure from Mike Ashley’s Frasers

Hugo Boss Frasers Mike Ashley Sports Direct Frasers Group
Frasers Group has launched a takeover tilt for German fashion firm Hugo Boss (Alamy/PA) -

The chairman of Hugo Boss is to step down from the luxury fashion brand as Mike Ashley’s Frasers Group tightens its grip on the business.

Sports Direct owner Frasers said it will now appoint a second representative onto Hugo Boss’s board after sharply increasing its ownership of the German brand in recent months.

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