All news
Politics
Business
Technology
Incidents
Sports
Weather
Science
Entertainment
World
Real Estate
AI News
Hugo Boss CEO resigns after Frasers Group acquires 47% stake
Business

Hugo Boss CEO resigns after Frasers Group acquires 47% stake

Jornal de Negócios14 September 2026 at 12:25

Stephan Sturm resigned as chairman of Hugo Boss after Frasers Group acquired 47% of the company. The change comes in the context of Mike Ashley's group entering the capital of the German fashion company.

Stephan Sturm had joined Hugo Boss's supervisory board in May 2025. After joining, he was subsequently elected to the position of chairman of the company.

Sturm's departure represents one of the first consequences of Frasers Group's strong shareholder presence in Hugo Boss. The British group, controlled by businessman Mike Ashley, now holds a significant stake in the German company.

Why this matters

The Frasers Group's majority acquisition in Hugo Boss represents a fundamental change in the ownership and management of one of Germany's main fashion brands, directly affecting German employees, suppliers, and investors. The abrupt departure of the newly appointed CEO signals a potential strategic restructuring of the company, with possible implications for the brand's future positioning and employment decisions in Germany.

About this summary

This is our short summary of a report published by Jornal de Negócios on 14 September 2026 at 12:25; the full text stays with the publisher. In our feed it sits under Business. We currently carry 22539 items in that section.

All items in this section →
Source

Related articles

Portugal está entre os países “mais avançados na adoção de veículos elétricos”, indica relatórioPhoto by stux on Pexels
Business

Portugal is among the countries "most advanced in electric vehicle adoption", report indicates

Portugal is among the world's most advanced markets in electric vehicle adoption, ranking 7th among 34 countries analyzed in the Roland Berger consultancy's EV Charging Index 2026 report. The study reveals that electric vehicle sales grew more than 20% in the last year, exceeding 21 million units, and that the global fleet of electric vehicles has already exceeded 73 million. China leads with a 50% penetration rate in new electric vehicle sales, accounting for about nine out of ten sales in the Asia-Pacific region. According to Roland Berger, the main challenge to sustaining market growth lies in expanding fast and ultra-fast charging infrastructure.

Jornal Económico14/09/26, 14:05
Empresa espacial Open Cosmos capta 300 milhões de euros para expandir produção de satélitesPhoto by Mrdidg on Pexels
Business

Space company Open Cosmos raises 300 million euros to expand satellite production

Open Cosmos, a British-Portuguese space company, raised 300 million euros in a funding round led by European investors, including Lightrock, ETF Partners, and Portuguese funds such as Iberis Capital and Shilling VC. The funds will be used to expand satellite manufacturing capacity and accelerate three platforms: ConnectedCosmos (secure communications), OpenConstellation (Earth observation) and DataCosmos (data processing). The company, which employs more than 400 people in facilities in the UK, Portugal, Spain and Greece, positions itself as an alternative for countries seeking sovereign space capabilities without the cost of independent infrastructure.

Jornal Económico14/09/26, 14:00
Gasóleo: não há condutor que goste deste recordePhoto by paulbr75 on Pexels
Business

Diesel: no driver likes this record

Diesel reached its all-time highest value today in Portugal, with a four-cent increase that brought the price per liter to around 2.15 euros. Gasoline, on the other hand, recorded a six-cent drop, but is still above two euros per liter.

TVI Notícias14/09/26, 14:00
Queixa-se do preço dos combustíveis? Agora veja aqui o impacto na frota dos bombeirosPhoto by PDPhotos on Pexels
Business

Complaining about fuel prices? Now see here the impact on firefighters' fleet

The increase in fuel prices is severely affecting firefighter corps in Portugal, which face high operational costs by traveling thousands of kilometers per day on emergency missions. The example of Bragança illustrates how these expenses consume a large part of humanitarian associations' budgets, compromising their capacity to invest in other needs of the corps.

TVI Notícias14/09/26, 14:00