Hugo Boss names Frasers chief as new chair

The supervisory board of Hugo Boss has appointed Michael Murray, the chief executive of Frasers, as the new chairman. This strategic move follows the recent exit of Stephan Sturm from the German fashion group this week. By securing this leadership position, Frasers significantly strengthens its hold and influence over Hugo Boss. The appointment marks a pivotal shift in the governance of the fashion brand as it integrates leadership from the Frasers executive team.