Frasers Group CEO Michael Murray has been appointed to the supervisory board of designer fashion firm Hugo Boss.
Murray was nominated for a role on Hugo Boss’s supervisory board back in December, as the retailer unveiled a host of new members.
Former deputy CFO of US tobacco giant Philip Morris International, Andreas Kurali, was also put forward as a candidate for board membership.
Shareholders voted on the proposed appointments during the company’s annual meeting yesterday (15 May).
Murray said: “I am honoured to be joining the board of Hugo Boss.
“Our long-standing collaboration with Hugo Boss is one of our most successful brand partnerships, reflecting our shared values and strong cooperation, and I am looking forward to supporting Hugo Boss in its next stage of growth.”
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The move comes after Frasers Group upped its stake in Hugo Boss to £415m in July.
The Sports Direct owner now owns 5.6m shares, 7.99% of Hugo Boss’s total share capital, as well as 13.81%, through the sale of put options.
Frasers also increased its financial exposure in the fashion brand in May 2024, bringing its total shares in the company to £305m.
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