Frasers Group PLCLSE: FRAS

Frasers Group: Further update on investment in HUGO BOSS

Sep 14, 2026 at 2:45 AM EDT · Issued by Frasers Group PLC

Summary by 6ix AI

Frasers Group plc, after completing its voluntary takeover offer for HUGO BOSS AG, has mutually agreed with Stephan Sturm, Chairman of the HUGO BOSS Supervisory Board, that he will step down as Chairman and member of the board as soon as possible as permitted by HUGO BOSS' constitution.

Key details

Frasers will also seek the appointment of Robert Palmer as a further member of the HUGO BOSS Supervisory Board.
Frasers and Mr Sturm share the view that this is an appropriate time for an orderly transition in the Chairman role and for Michael Murray, Chief Executive Officer of Frasers, to be joined by a second Frasers representative on the Supervisory Board.
The agreement followed discussions between Frasers and Mr Sturm on the composition of the Supervisory Board and an increase in Frasers' representation on it, after Frasers' announcement of September 1, 2026.
Frasers says it intends to work with Mr Sturm in the future.

What’s still pending

Mr Sturm's departure is to take effect as soon as possible as permitted by HUGO BOSS' constitution.
Robert Palmer's appointment is being sought by Frasers and has not yet been made.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/further-update-on-investment-in-hugo-boss

14 September 2026

FRASERS GROUP PLC

Further update on investment in HUGO BOSS

Further to the completion of its voluntary takeover offer for HUGO BOSS AG (HUGO BOSS) and announcement of 1 September 2026, Frasers Group plc (Frasers) entered into discussions with Mr Stephan Sturm, the Chairman of the Supervisory Board of HUGO BOSS, regarding the composition of, and an increase in, Frasers' representation on, the Supervisory Board of HUGO BOSS (the Supervisory Board).

Both parties share the view that, as HUGO BOSS enters a new chapter in its corporate history, this is an appropriate point in time for an orderly transition in the office of Chairman of the Supervisory Board and for Michael Murray, Chief Executive Officer of Frasers, to be joined by a second Frasers Supervisory Board representative. Frasers and Mr Sturm have therefore mutually agreed that Mr Sturm will step down from his position as Chairman and member of the Supervisory Board as soon as possible as permitted by HUGO BOSS' constitution.

In addition, Frasers will also seek the appointment of Robert Palmer as a further member of the Supervisory Board.

Frasers would like to thank Mr Sturm for the contribution he has made to HUGO BOSS as Chairman of the Supervisory Board and intends to work with him in the future.

Enquiries

Frasers Group plc

Christopher Wootton, Chief Financial Officer

T. +44 344 245 9200

E. financial@frasers.group

KBA PR

Keith Bishop

T. +44 207 734 9995

E. frasers@keithbishop.com

Emma Reid, Company Secretary

LEI: 213800JEGHHEAXIJDX34

T. +44 344 245 9200