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Hugo
Boss shares fell to their lowest level in five years on Tuesday
and Wednesday after the firm said it expects sales to grow more
slowly than its long-term forecast in 2016 and adjusted
operating profit to fall.
Boss said Bernd Hake, currently responsible for the Europe,
Middle East, Africa and India regions, would take responsibility
for sales and retail as a new member of the managing board from
March 1.
Lahrs' other responsibilities would be taken on by other members
of the board until a successor is found.
(Reporting by Emma Thomasson; Editing by Maria Sheahan)
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