SHARE

Permira To Lower Its Stake In Hugo Boss

The German private equity firm has announced plans to sell a 6.4% stake in Hugo Boss, but has insisted that it is lowering its stake rather than starting a full exit process. Permira first invested in Hugo Boss in 2007, and even after lowering its stake will still hold 66% of total shares in the fashion brand.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.