Last month, Permira sold a €307m stake in its upmarket German fashion retailer, Hugo Boss. Claus-Dietrich Lahrs, chief executive of Hugo Boss, was unconcerned by the move and explains to Elizabeth Paton, Luxury 360's assistant editor, the advantages of having a private equity owner. He also warns 2012 may be more challenging after the impressive growth this year.
Produced by Darryl Thomson. Filmed by Rod Fitzgerald, James MacDonald and Steve Ager.