February 8, 2010

Permira stands by Hugo Boss

FRANKFURT, Feb 6 (Reuters) - Permira will hold on to its investments in fashion house Hugo Boss (BOSG_p.DE) and broadcaster ProSiebenSat1 (PSMG_p.DE), the head of the buyout firm's German business told a magazine.

Hugo Boss spring-summer 2010 - Photo: PixelFormula

"We will certainly not divest Hugo Boss. We have just invested 250 million euros in the company," Permira executive Joerg Rockenhaeuser was quoted as saying by Spiegel magazine in an article provided to Reuters on Saturday 6 February before publication on Monday 8 February.

Permira would also not sell ProSiebenSat1, Spiegel reported, citing Rockenhaeuser. The buyout group is prepared to continue to support the broadcasting company financially in emergency situations, he added.

(Reporting by Ludwig Burger)

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