Frasers Group PLC FRAS

Sinan Piskin, deputy chairman of the supervisory board of Hugo Boss, described Murray, Mike Ashley's son-in-law, as "an excellent successor for this position."

Michael Murray, Frasers’ chief executive, was appointed by the supervisory board of Hugo Boss.

Frasers Group, which now controls nearly 50 percent of Hugo Boss, has succeeded in ejecting Stephan Sturm as chairman of the supervisory board.

The chairman of Hugo Boss has quit after Mike Ashley ramped up efforts to acquire the German fashion giant.

Sports Direct owner Frasers said it will now appoint a second representative onto Hugo Boss’s board after increasing its ownership of the brand.

FTI Consulting has detailed its plans for the British retailer, which was placed into “pre-pack” administration last month and purchased by Frasers Group in a deal that will leave hundreds of creditors counting losses.

The billionaire former owner of Harvey Nichols was owed more than £100m when the luxury store group crashed into administration in August.

The global retailer is closing its only store in the country after years of financial struggles and a failed effort to keep the location operating.

The retailer disclosed the intention in a statement to the London Stock Exchange, offering no detail on the method or timing of any further purchases.