×
2 077
Fashion Jobs
ESTÉE LAUDER
Origins - Online Trading Manager - Brand Site
Permanent · London
ESTÉE LAUDER
Multi Brand - Multi Brand Business Manager - House of Fraser, Rushden Lakes - 37.5 Hours - Full-Time - Permanent
Permanent · Rushden
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 36 Hours - Full Time - Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Leeds, Trinity - Boots - 26 Hours - Part-Time, Permanent
Permanent · Leeds
ESTÉE LAUDER
Clinique - Consultant - Halifax, Harveys - 15 Hours - Part-Time, Permanent
Permanent · Halifax
ESTÉE LAUDER
Aveda - Account Manager - House of Fraser-White City, London - 30 Hours - Full Time, Permanent
Permanent · London
FOREO
E-Key Account Manager
Permanent · London
FOREO
Marketing Manager
Permanent · London
VF INTERNATIONAL
Warehouse Trainer And Instructor
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Account Manager Kidswear
Permanent · LONDON
THE KOOPLES
Regional Manager London
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Digital Marketing And e Commerce Manager
Permanent · LONDON
ESTÉE LAUDER
Estee Lauder - Consumer Campaign Email Marketing Executive
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
NEW BALANCE
Marketing Director, Emea
Permanent · Warrington
EASTPAK
Credit Controller - French Speaking - Eastpak
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - German Speaking - The North Face
Permanent · CALVERTON
CONFIDENTIAL
Regional Manager London
Permanent · LONDON
ESTÉE LAUDER
la Mer - Business Manager - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
VF INTERNATIONAL
dc Inventory Control Supervisor
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, Enniskillen - 10 Hours - Part Time, Permanent
Permanent · Enniskillen
SHISEIDO
Account Manager Bareminerals - House of Fraser, Cheltenham
Permanent · Cheltenham
Advertisements
By
Reuters
Published
Feb 16, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Belgium's GBL takes nearly 3 pct stake in Hugo Boss

By
Reuters
Published
Feb 16, 2017

Belgian holding company Groupe Bruxelles Lambert (GBL) has taken a stake of nearly 3 percent in German fashion group Hugo Boss, monthly Manager Magazin reported, citing unidentified sources.


Boss - Fall-Winter2017 - Menswear - New York - © PixelFormula


Shares in German fashion house Hugo Boss jumped more than 8 percent on Thursday after a report that the holding company of Belgium's richest man, Albert Frere, has taken a stake of nearly 3 percent and wants to increase it further.

Frere's Groupe Bruxelles Lambert declined to comment on the report in Germany's Manager Magazin, which cited unidentified company insiders. A Boss spokeswoman said no regulatory filing had been made, declining further comment.

Frere has a reputation for helping to shake up the companies in which he invests.

After he and other activist investors took stakes in Adidas in 2015, the German company appointed a new chief executive and announced plans to sell its golf business. Shares in Adidas, in which GBL still has a 5 percent stake and a representative on the supervisory board, have more than doubled since Frere invested.

Hugo Boss shares initially jumped more than 8 percent before retreating slightly. The shares were up 6.2 percent up at 63.98 euros at 1320 GMT, their highest in a year and the biggest gainer on the STOXX 600 .

Manager Magazin said that GBL has a good relationship with Boss's biggest shareholder, Italy's Marzotto family, which owns a 10 percent stake. The publicaion noted that GBL and Marzotto this month sold Italian sneaker maker Golden Goose to private equity firm Carlyle.

Hugo Boss promoted finance chief Mark Langer to chief executive last year after the departure of Claus-Dietrich Lahrs following a series of profit warnings.

Langer has announced plans to try to revive the struggling company by cutting brands, closing stores and putting the focus back on its core menswear business.



 

© Thomson Reuters 2021 All rights reserved.