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13

Marzotto Family Backs Hugo Boss’s New CEO by Increasing Stake

By Tony Seruga

Italian family’s history with German clothier dates to 1991
Investment shows that Marzottos support turnaround: Analyst

Italy’s Marzotto family increased its stake in Hugo Boss AG, showing confidence that new Chief Executive Officer Mark Langer can turn around the struggling German clothier.

The family’s Zignago Holding boosted its investment to 10.1 percent as of June 3, according to a regulatory filing Monday. It acquired about 7 percent of Boss when Permira Holdings Ltd. sold a stake in February 2015…

Marzotto Family Backs Hugo Boss’s New CEO by Increasing Stake

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