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Hugo Boss Chairman Stephan Sturm Steps Down Under Pressure From Frasers Group
Hugo Boss supervisory board chairman Stephan Sturm has announced his resignation amid ongoing shareholder pressure from Mike Ashley's Frasers Group. Frasers, which maintains a substantial strategic holding in the German fashion brand, is also expanding its influence by securing a second seat on the board. The leadership shake-up underscores the expanding role of activist investors across European corporate governance.
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