Frasers CEO Michael Murray joins Hugo Boss supervisory board
Frasers Group CEO Michael Murray has been appointed to the supervisory board of designer fashion firm Hugo Boss.
Frasers Group CEO Michael Murray has been appointed to the supervisory board of designer fashion firm Hugo Boss.
Murray was nominated for a role on Hugo Boss’s supervisory board back in December, as the retailer unveiled a host of new members.
Former deputy CFO of US tobacco giant Philip Morris International, Andreas Kurali, was also put forward as a candidate for board membership.
Shareholders voted on the proposed appointments during the company’s annual meeting yesterday (15 May).
Murray said: “I am honoured to be joining the board of Hugo Boss.
“Our long-standing collaboration with Hugo Boss is one of our most successful brand partnerships, reflecting our shared values and strong cooperation, and I am looking forward to supporting Hugo Boss in its next stage of growth.”
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The move comes after Frasers Group upped its stake in Hugo Boss to £415m in July.
The Sports Direct owner now owns 5.6m shares, 7.99% of Hugo Boss’s total share capital, as well as 13.81%, through the sale of put options.
Frasers also increased its financial exposure in the fashion brand in May 2024, bringing its total shares in the company to £305m.
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