Hugo Boss Chair Stephan Sturm Steps Down Amid Frasers Group Pressure
UKPulse Money Desk
Stephan Sturm has departed from the board of German fashion group Hugo Boss, following reported clashes with its largest shareholder, Frasers Group, over dividend payments.
- Stephan Sturm has stepped down as chair of Hugo Boss.
- His departure follows pressure from Frasers Group, the largest shareholder.
- The pressure reportedly stemmed from disagreements over dividend payments.
Stephan Sturm has resigned from his position as chair on the board of German fashion group Hugo Boss. His departure comes amid reported pressure from Frasers Group, which is the largest shareholder in the company.
The clashes between Sturm and Frasers Group were reportedly centred on disagreements regarding dividend payments.