Restructure Archive

Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival

METZINGEN, Germany — Hugo Boss said the head of its ailing US business will be replaced at the end of the month after less than two years in the job. Gerrit Ruetzel will leave to “seek new opportunities,” the Metzingen, Germany-based clothier said in a statement Wednesday. He will be succeeded by Anthony Lucia, who rejoins the company he worked at for a decade until …

Dramatic Flipkart Townhall Highlights Indian Startup Trauma

BENGALURU, India — India’s largest online shopping service is heating up, and not in a good way. Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal. Taken aback, chairman Sachin Bansal countered that the departures stemmed from poor performance and he lost his job as chief executive for the same reason. The co-founder admitted the company …