Permira Won't Sell or Delist Hugo Boss

STUTTGART, Germany, May 13 (Reuters) – Investment group Permira [PERM.UL] does not plan to sell or delist German fashion house Hugo Boss (BOSG_p.DE: Quote, Profile, Research), Permira said on Tuesday, reacting to reported comments from the head of Boss parent Valentino.

Permira said in a statement that Valentino Chief Executive Stefano Sassi had been misquoted by an Austrian newspaper as saying he would not rule out such steps because there were few synergies with Hugo Boss.

Permira also owns Valentino.

Hugo Boss shares rose 0.7 percent to 31.83 euros by 1022 GMT with the German market .GDAXI down 0.4 percent. (Reporting by Hendrik Sackmann; Editing by Louise Ireland) (michael.shields@thomsonreuters.com; +49 69 7565 1266; Reuters Messaging: michael.shields.reuters.com@reuters.net))