DGAP-News: TOM TAILOR Holding SE: TOM TAILOR Group announces changes on Supervisory Board

• Dr Thomas Tochtermann to resign from office on court appointment of new Supervisory Board member, but no later than 25 June 2019
   
• Dr Junyang (Jenny) Shao, current member of Supervisory Board and Vice President of Fosun Fashion Group, to become Chair of Supervisory Board
   
• Michael Chou, CFO of Fosun Fashion Group, to become new Supervisory Board member

Hamburg, 28. May 2019. Dr Thomas Tochtermann, Chair of the Supervisory Board of TOM TAILOR Holding SE ("the Company", ISIN DE000A0STST2), is resigning from office subject to the court appointment of a new member of the Supervisory Board, but no later than 25 June 2019. This decision was taken by mutual agreement at the request of majority shareholder Fosun International, who request a stronger representation on the Supervisory Board in the current situation of the Company. Dr Tochtermann has been Chair of the Supervisory Board since 2017.

"I regret Dr Tochtermann's resignation and would like to thank him for our trustful collaboration and his competent support. I wish him all the best for the future", says Dr Heiko Schäfer, CEO of TOM TAILOR Holding SE.

With the resignation of Thomas Tochtermann, it is planned that current member of the Supervisory Board Junyang (Jenny) Shao will take over as Chair of the Supervisory Board and Michael Chou, CFO of the Fosun Fashion Group, will join the Supervisory Board as a member. The change is taking place during the ongoing takeover process by Fosun and the continuing negotiations between the consortium banks and majority shareholder Fosun.
 

About TOM TAILOR Group
TOM TAILOR Group is an international, vertically integrated fashion company focused on casual wear in the medium price segment. The product portfolio is complemented by an extensive range of fashionable accessories. With its brands, the company covers the various core segments of the fashion market. The TOM TAILOR brand is marketed through the retail and wholesale segments, and thus through single-label stores as well as wholesale partners. These include 453 TOM TAILOR stores and 184 franchise stores, 2,546 shop-in-shops and 6,949 multi-label points of sale. The brand is present in more than 35 countries. The BONITA brand, which was sold to Victory & Dreams International Holding B.V. on March 20, 2019, has 742 retail stores and 88 shop-in-shop spaces. The closing of the transaction is subject to the usual approvals from the anti-trust authorities and the consortium banks. The collections of both brands are also available through their respective online shops.

Contact for media
Harriet Weiler
Head of Corporate Communications
TOM TAILOR Group
Telephone: +49 (0) 40 58956-168
E-mail: harriet.weiler@tom-tailor.com