We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 18, 20247:31am

Hugo Boss rearranges its helm with new chairman of supervisory board

Herman Waldemer, has been a member of the company’s board of directors since 2015, he has now been appointed the new chairman of the supervisory board, effective on May 7. 
Mar 17, 2020 — 5:05pm

Hugo Boss rearranges its helm with new chairman of supervisory board



Hugo Boss reorders its board of directors. The German fashion company has appointed Herman Waldemer as its new chairman of its supervisory board. The executive has been on the company’s supervisory board since 2015. Waldemer will take up his new position on May 7, coinciding with the annual shareholders’ meeting. 


The expected chairman was the former chief financial officer of Philip Morris and will be replacing Michel Perraudin in office, who will be retiring soon. “He knows the company well from his current work on the Supervisory Board and has supported its development very actively and constructively,” said Michel Perraudin about his replacement. 


In 2019, Hugo Boss reached sales of 2.9 billion euros (3.2 billion dollars), 3.1% more than in 2018. Meanwhile, the net income of the company decreased by 10.1%, to 212 million euros (236 million dollars). For 2020, Hugo Boss adjusted its forecast and contemplates a growth of 2% at most, waiting out to see how the coronavirus crisis unfolds, seeing as it has caused the closure of numerous stores in countries such as Italy, Spain or the United States. 

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment