All Hugo Boss articles
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News briefs
Hugo Boss' Q4 sales, Ebit rise
In the fourth quarter of 2023, Hugo Boss’ currency-adjusted sales grew by 13 percent to €1,177 million, with all brands, regions and channels contributing to top line growth. Meanwhile, Ebit increased by 17 percent to €121 million, but it missed market expectations of €133 million. In the full year, currency-adjusted ...
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News briefs
Hugo Boss issues maiden Schuldschein loan
Hugo Boss has issued its first Schuldschein loan, with a value of €175 million, to finance further investments as part of its ‘Claim 5’ growth strategy. The initial target volume from the Schuldschein – which is similar to a bond but doesn’t need to be registered on a stock exchange ...
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News briefs
Mike Ashley cuts his stake in Hugo Boss
Mike Ashley, the majority owner of the British retailer Frasers Group, has cut his stake in Hugo Boss to 19.65 percent from a previous 24.39 percent, according to a regulatory filing from the German fashion house. The figure includes financial instruments owned by Frasers. Ashley now owns 1.63 percent in ...
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ArticleCanada probes Walmart, Hugo Boss, Diesel for alleged use of Uyghur forced labor
The Canadian Ombudsperson for Responsible Enterprise (CORE) will launch investigations regarding the alleged use of Uyghur forced labor in China by the Canadian units of Walmart, Hugo Boss and Diesel. CORE has published initial assessment reports regarding complaints about Walmart Canada, Hugo Boss Canada and Diesel Canada for allegedly benefitting ...
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News briefsHugo Boss sees 2023 sales up about 5%
Hugo Boss expects to post a mid-single-digit percentage rate increase in sales in 2023 while Ebit is seen rising by 5 to 12 percent from 2022 levels to €350 million to €375 million. For both, EMEA and the Americas region, the company anticipates growth in the low- to mid-single-digit percentage ...
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News briefs
Frasers hikes stake in Hugo Boss
Frasers Group, the parent company of Sports Direct, has increased its investment in Hugo Boss. The company now has 3,425,000 shares of common stock in the German fashion group, representing 4.9 percent of its total share capital. It also holds 18,289,000 shares via the sale of put options, representing 26.0 ...
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News briefs
Tourism drought expected to reduce European luxury sales
LVMH said it expects revenues to drop by 10 to 20 percent year-on-year in the first quarter of 2020, as restrictions to combat the Covid-19 pandemic have forced the group to close production sites and stores in several countries. Separately, the bank RBC Europe said that overall global ...
