New management at helm of Hugo Boss

Nigeria News.Net
Friday 16th May, 2008

German fashion label, Hugo Boss has a new boss.

Claus-Dietrich Lahrs, the current CEO of leading French fashion house Christian Dior Couture, will begin his new job in August.

Lahrs, with Christian Dior since the end of 2003, has said of his new job: 'My goal is to bring more of an international presence to the brand, in the large and growing markets of Asia and America.'

He will replace Bruno Saelzer, who quit as managing board chief of Hugo Boss in February after he argued with Permira, the British investment fund that gained control of 80 percent of the group in mid-2007.

Senior staff have accused Permira of pillaging the company by pressing managers to pay high dividends to make a rapid return on its investment.

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