Hugo Boss said on Thursday CEO Daniel Grieder would step down and leave the company at his own request, effective January 1, 2027. The German fashion group said David Epstein from Frasers Group will succeed him as CEO, Reuters reported. Frasers Group, already Hugo Boss's largest shareholder, took majority control of the company in October after raising its stake above 50%, months after an unsuccessful 2 billion euro takeover bid. The move follows a series of leadership changes at Hugo Boss this year. In September, the company named Michael Murray, chief executive of Frasers Group, as chairman of its supervisory board. The British retailer, controlled by billionaire Mike Ashley, has been expanding its presence in the premium and luxury segments. Epstein has served as chief brand partnerships officer at Frasers Group since 2024, overseeing brand partnerships across its Sport, Premium, and Luxury businesses.
