Business · Companies · 6 hrs ago
Hugo Boss CEO Daniel Grieder to leave, with Frasers executive named successor
Hugo Boss CEO Daniel Grieder will leave at the end of the year, saying he is handing leadership to the next generation.
David Epstein, an executive at major shareholder Frasers Group, is his named successor.
Frasers, a British retail group, took control of Hugo Boss nearly two months ago.
The leadership changes also include finance chief Yves Müller, who has already left, and sales chief Oliver Timm, who is due to leave at year-end.
The company expects sales to fall by up to 9% this year amid weak consumer demand.
Grieder has led Hugo Boss since June 2021 and oversaw the relaunch of its Boss and Hugo brands.
Epstein is expected to take over as the company changes leadership.
Hugo Boss chief executive Daniel Grieder will leave the company at the end of the year, at his own request.
David Epstein, recently a Frasers executive, is named as his successor.
The announcement comes nearly two months after Frasers took control of Hugo Boss.
Finance chief Yves Müller has already left, while sales chief Oliver Timm is also due to leave at year-end.
Grieder said he believes it is the right time to hand leadership to the next generation.
- Who
- Daniel Grieder, Hugo Boss’s chief executive, is leaving. David Epstein, formerly a Frasers executive, is his successor.
- What
- Grieder will leave Hugo Boss at the end of the year, at his own request.
- When
- The company announced the departure on Thursday evening. Grieder is due to leave at year-end.
- Where
- Hugo Boss announced it in Metzingen, near Stuttgart, Germany.
- Why
- Grieder said he believes it is the right time to hand leadership to the next generation.
This story does not have two clearly opposing sides.
Daniel Grieder became chief executive of Hugo Boss.
Frasers took control of Hugo Boss.
Hugo Boss announced that finance chief Yves Müller had left and sales chief Oliver Timm would leave at year-end.
Hugo Boss announced that Grieder would leave at year-end and named David Epstein as his successor.
- Departure
- Daniel Grieder is due to leave at the end of the year
- Successor
- David Epstein, formerly Frasers’ Brand Partnerships Officer
- Announcement location
- Metzingen, near Stuttgart
- Grieder’s tenure
- Since June 2021
- Other departures
- Yves Müller has left; Oliver Timm is due to leave at year-end
2 sources
What people are saying
We have created a strong foundation, and I am convinced that now is the right time for me to hand over leadership to the next generation.
We are in a constructive dialogue with the Frasers Group.
Under his leadership, the company has sharpened its positioning and created new ways for the brands to connect with consumers around the world.