Is the UK's Frasers Group about to make a bid for Hugo Boss? Some investors in the latter seem to think so as its shares jumped on Friday on speculation that shareholder Frasers has ambitions to take control.
Hugo Boss said Oliver Timm has now joined as its Chief Sales Officer (CSO). His arrival comes at a time of big change at the firm as a new CEO prepares to join this summer and it evolves its offer for the ‘new normal’.
US fashion group PVH Corp. has announced the departure of its head of Europe and of Tommy Hilfiger’s global business. After 23 years with the group, Grieder will be replaced by current PVH Corp. COO Martijn Hagman.
The PVH group, whose new European headquarters overlook Amsterdam’s docks, is investing in jeans, having created a Denim Centre to spearhead innovation and eco-responsibility, and grow its market share.
The PVH group has set up a new denim research centre in Amsterdam. Daniel Grieder, CEO of PVH’s Tommy Hilfiger, explained to FashionNetwork.com how the centre gives his brand an edge in the jeans market.