Permira Completely Withdraws From Hugo Boss

Hugo Boss AG (BOSS.DE) shares opened lower on the stock market on Tuesday, opening 116.1 euros, down 2.1% from Monday's close to 118.6 euros, narrowing to 1.81% at the time of the draft without Chinese fashion, which was 116.45 euros. The stock rose nearly 14% in 2015.

Permira Holdings Limited, through its investment agency Red & Black Lux S. r.l. r.l., sells its remaining 11.9% or 8 million 500 thousand Hugo Boss AG shares to 960 million in the open market at 113 euros per share. Hugo Hugo Boss AG said that the share of tradable shares rose to 91% after the transaction, which helped to increase the attractiveness of the stock to institutional investors.

In 2007, the Permira Holdings Limited of Hugo Boss AG Hugo boss 85% shares was gradually reduced from 2011 to 2011 through Red & Black Lux S. R.L.. Over the past two years, Permira Holdings Limited has accelerated the process of divestment, and has continuously reduced its Hugo Boss AG Hugo Bosse for six consecutive times. The most recent one occurred in February 9th, which reduced the shareholding ratio of Permira Holdings Limited from 32.2% to no more than 14%.

Permira Holdings Limited also went to Italy. textile PFC S.r.l. and Zignago Holding S.p.A., the two entities of the family Marzotto family, sell Hugo Boss AG worth 500 million euros. shares It means that the Marzotto family is once again a shareholder of Hugo Boss AG, Hugo Bosse group. Zignago Holding S.p.A. said it acquired 5 million Hugo Boss AG shares and now holds about 7%.

In 1991, the textile family Marzotto family bought a 77.5% stake in Hugo Boss AG, Hugo BOS for $165 million, and bought the latter in 2005 and 2002. Valentino Valentino and other fashion brands split up and set up Valentino Fashion Group SpA. Permira Holdings Limited acquired Valentino Fashion Group SpA in 2007, thus gaining the controlling interest of Hugo Boss AG Hugo BOS. Valentino Valentino has been sold to Qatar's sovereign investment fund Mayhoola for Investments S.P.C. in 2012. The Marzotto family's Gaetano Marzotto and Luca Marzotto have entered the Hugo Boss AG Hugo board of directors in 2010.

In fiscal year 2014, the pre tax profits of the Hugo Boss AG Hugo Bosch Group rose 0.9% to 437 million euros, or less than 470 million euros of the market forecast, due to the weakening of consumer demand and the one-time expenditure of 19 million euros resulting from the restructuring of the Middle East distribution network. Operating profit was 591 million euros, an increase of 4.6% over 2013. The annual revenue growth is 5.8% to 2 billion 570 million euros, and the market is expected to be 2 billion 590 million euros, which is in line with the group's expected reduction in November last year.