Hugo Boss restructures its management
(dpa) - German fashion powerhouse Hugo Boss AG on Wednesday stepped up moves for a makeover of the group's top management.
Hugo Boss board member Werner Lackas is to depart the company immediately, the group said.
The move followed the announcement last month that chief executive Bruno Saelzer was stepping down from the fashion company after its takeover by the private equity firm Permira.
A board member since 1997, Lackas was responsible for purchasing, production and logistics. He is to be replaced by Hans Fluri. However, the search for a successor for Saelzer is continuing.
Permira, which has about an 88 per cent stake in Hugo Boss, hopes to boost the company's growth.
Hugo Boss, the manufacturer of both men and women's wear, expects record business this year after revenue rose last year by 9.0 per cent to 1.6 billion euros (2.4 billion dollars) in 2007.