Representative image Hugo Boss‘ on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading. Hugo Boss had warned in March that it might need to delay its 2025 revenue target of 5…
Representative image Hugo Boss has sold its Russian business to wholesale partner Stockmann for an undisclosed fee, the German fashion house said on Monday, joining the ranks of Western brands to exit the Russian market over the war in Ukraine. The German fashion company suspended its retail business in Russia soon after Moscow invaded Ukraine…
(Representative Image) German fashion house Hugo Boss on Monday cut its sales guidance for the year to a range of between 4.20 billion euros (USD 4.58 billion) to 4.35 billion euros over weakening global consumer demand especially in markets like China and the UK. The company earlier expected sales for the year at around 4.30…
Shares in Hugo Boss slumped nearly 10% on Thursday, hitting their lowest level since 2022 after the premium apparel brand flagged weaker demand in China and concern about U.S. consumer sentiment ahead of the presidential election. The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new points of sale…
New Delhi: Reliance Retail plans to open a dozen luxury stores for ethnic handicrafts under its Swadesh brand in India and overseas, executives directly aware of the developments said. The stores will be similar to government-run Central Cottage Industries Emporium stores but with a more upscale focus, the executives said. The retail arm of Reliance…
