NEW YORK — Hugo Boss said Tuesday that Mark Brashear, chairman and chief executive officer of the brand in the Americas, has left the company. Claus-Dietrich Lahrs, ceo of the Metzingen, Germany-based company, will oversee the Americas until a successor is named.
Brashear’s exit comes a month after Boss reported a 7 percent decline in sales in the Americas.
Spokesmen for the brand declined to comment further on Brashear’s departure and a statement said only that he had left the company “to seek new opportunities. Mr. Brashear made significant contributions to the development of Hugo Boss Americas during the last six years. The group’s management would like to thank him for his commitment and wish him all the best for his professional and personal future.”
In early May, the company told analysts the market environment in the U.S. was surprisingly weak in the first quarter, marked by consumer uncertainty, a very promotional market environment and weather conditions that adversely affected in-store traffic. Early deliveries of spring merchandise in the fourth quarter also penalized results. Sales in Central and South America, however, grew at double-digit rates.
Overall, Hugo Boss reported that net income in the period was flat at 81.6 million euros, or $111.8 million, on a 3 percent gain in sales to 612.6 million euros, or $839.6 million. Europe, particularly the U.K. and Germany, were among the strongest markets and compensated for the “challenging” conditions in North America and China, Lahrs said at the time.
Brashear joined Hugo Boss to oversee the Americas in 2009. Before that, he was with Nordstrom for nearly 23 years, from 1985 to 2008, where he was executive vice president. From 2001 to 2007, he was chief executive officer of Façonnable, which was owned by Nordstrom during those years. He could not be reached for comment Tuesday.
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