The supervisory board of German luxury brand Hugo Boss AG has appointed Daniel Grieder as future CEO, for a period of five years starting on June 1, 2021. He will be succeeding Mark Langer, who will leave the group on September 30, 2020.
“Daniel Grieder was our top choice for the position of CEO at Hugo Boss. His international expertise, charismatic personality and extensive global experience in brand management, product, distribution, marketing and digitalisation make him the ideal candidate. He possesses all the qualities required to steer Hugo Boss back to sales and profit growth, and to increase the desirability of our brands for end-consumers,” stated Hermann Waldemer, chairman of the supervisory board for Hugo Boss AG.
“Hugo Boss is a fantastic organisation,” said Grieder. “I’m arriving at an exciting time and eagerly looking forward to making my contribution to the further evolution of this German fashion icon. The company has very considerable potential. Together with my fellow members on the managing board and the experienced, highly qualified workforce, I will be doing everything within my power to tap this potential and lead Hugo Boss into a successful future.”
During the interim period, from October 1, 2020 to May 31, 2021, CFO Yves Müller will serve as the managing board’s spokesman.
Meanwhile, Mike Ashley’s Frasers Group has acquired a 5.1% stake in Hugo Boss.
Words by Farimah Moeini, Snapchat Head of Industry – Retail and Travel TheJuly 5, 2021 | By RetailME Bureau
Snapchat has been betting big on Augmented Reality’s (AR) retail future consideringJune 22, 2021 | By Jibran Chouguley
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
adidas has announced the launch of its first store located at the
Giordano has announced the opening of its first concept store at Zahia
Saudi-based luxury retailer, AlMalki Group recently revealed the key elements that is
Gentle Monster has announced the opening of the brand’s second flagship store in
JD Sports Fashion has announced the appointment of Bert Hoyt as its
Every element of the retail landscape has been forced to undergo drastic
Online retail giant, Amazon has announced plans to open department stores in
Fawaz Abdulaziz Alhokair Co., the leading franchise retailer in Saudi Arabia, today
adidas has announced that it will sell Reebok to Authentic Brands Group
The Ministry of Human Resources and Social Development in Saudi Arabia has
Tommy Hilfiger, owned by PVH Corp, has announced a six-store retail expansion