Hugo Boss attracts activist investor Groupe Bruxelles Lambert - report (translated)
16 FEB 2017
Groupe Bruxelles Lambert [GBL], a Belgian investment holding perceived as an activist shareholder, has acquired approximately 3% of German fashion house Hugo Boss, Manager Magazin reported. Citing unidentified sources close to the situation, the German-language magazine claimed that GBL intends to acquire more shares. Both Hugo Boss and GBL were unwilling to comment on the topic.
Mark Langer, the new chief executive of Hugo Boss, has recently started a restructuring process. GBL is said to have excellent ties with the Italian Marzotto family. The latter owns approximately 10% in Hugo Boss.
Link to original source (German)