Daniel Grieder has submitted his resignation as chief executive officer of the German textile company Hugo Boss and will leave the company at his own request on December 31 next, the multinational has said, which will be headed by David Epstein starting on January 1, 2027.
Grieder’s departure comes a few weeks after Frasers Group announced that it had reached control of 50.08% of the share capital, and adds to the departures recorded in September by the then chairman, Stephan Sturm, and by the finance director, Yves Müller.
Grieder was appointed CEO of the German firm in June 2021 for an initial term of five years, although his contract was extended early in March 2024 and extended until the end of 2028.
Since taking up the position, Daniel Grieder has driven the transformation of Hugo Boss, strengthening its distribution network and business partners and rolling out an omnichannel platform that integrates physical stores with digital activity.
"Together, we have relaunched BOSS and HUGO, created a 24-hour lifestyle products offering, redesigned our stores around the world and renewed our culture and the way we work," Daniel Grieder said, for whom "it is the right time to step aside and hand over leadership to the next generation."
Along these lines, the company’s Supervisory Board has appointed David Epstein as the next chief executive officer, a role that he will take on in January 2027.
The future CEO joins Hugo Boss from Frasers Group, where he has held the position of Brand Strategic Alliances Director since 2024, overseeing brand collaborations in the Sport, Premium and Luxury divisions. In addition, for more than a decade at Frasers Group, he has contributed to the development of its strategy, driving brand alliances and strengthening business relationships.