Blog: Leonie BarrieHugo Boss to lose its boss

Leonie Barrie | 15 February 2008

The surprise departure of Hugo Boss AG’s long-time CEO has sparked a raft of speculation about the reasons for his decision to leave Germany’s largest clothing company at the end of this month.

The firm will only say it’s due to “different views on the further business policy of the company.”

But the timing, less than six months after private equity firm Permira bought Hugo Boss’ parent, Italy's Valentino Fashion Group SpA, has led speculation over a clash with the new owner.

At the time of the $3.5bn takeover last September, analysts suggested that Permira might intend to merge Hugo Boss with the rest of the Valentino group. Even though this wasn’t confirmed, Permira made no secret of the fact it wanted to broaden the labels’ appeal and customer base.

There’s no doubt Dr Bruno Sälzer will be missed. He’s been with the company for nearly 13 years – the last five in the top spot - and led the luxury brand's international vision and introduction of a women's wear line, the latter helping drive a 20% rise in full year profit in figures released last week.

Hugo Boss CEO to leave


Asia facing up to increased competition

Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...


Cambodia raises garment worker wages

The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...


Sportswear initiatives start to take shape

The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...


Hanjin Shipping collapse triggers fear of West Coast port repeat

The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...

just-style homepage

Forgot your password?