Hugo Boss CEO to step down at end of month

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