Hugo Boss CEO says wants to abandon luxury segment: Handelsblatt

October 25, 2016 By admin

German fashion house Hugo Boss is planning to abandon the luxury market and go back to is roots of selling premium men's clothing, its chief executive told Handelsblatt. “The effort to make in-roads in the luxury market didn't prove to be particularly helpful for our business,” Mark Langer was quoted as saying on Tuesday in his first interview since taking over at Hugo Boss. Former boss Claus-Dietrich Lahrs had taken the German label more upmarket as the luxury market boomed, opening more than 400 stores worldwide and putting a bigger focus on womenswear.

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Hugo Boss CEO says wants to abandon luxury segment: Handelsblatt

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Hugo Boss picks financial chief Mark Langer as new CEO

May 17, 2016 By publisher

German fashion house Hugo Boss announced Monday that it has chosen chief financial officer Mark Langer to become the new chief executive after the resignation of the former head of the company following a profits fall. Langer, who has been with Hugo Boss for 13 years, will replace Claus-Dietrich Lahrs who stepped down in February after the group's financial forecasts for 2016 were slashed due to a slump in sales in the major markets of the United States and China. “Due to my long-standing work for Hugo Boss, I have a clear understanding of the company's potential and know what we need to do to get it back on track for profitable and sustainable growth,” Langer said in a statement.

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Hugo Boss picks financial chief Mark Langer as new CEO

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Hugo Boss CEO to step down at end of month

February 25, 2016 By publisher

German fashion house Hugo Boss announced Thursday the resignation of its chief executive Claus-Dietrich Lahrs at the end of February after profits fell last year as a result of sluggish business in China and the United States. A former executive of Christian Dior Couture, Lahrs was appointed CEO at Hugo Boss in 2008. The company said its personnel committee would “deal without delay with the question who will succeed Claus-Dietrich Lahrs as CEO.

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Hugo Boss CEO to step down at end of month

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