boss Archives

Mauritian Hugo Boss supplier banks on India unit to fuel growth

September 30, 2024 mpsingh No Comments Beauty banks, boss, Fuel, growth, Hugo, India, Mauritian, supplier, unit

By Bloomberg Published September 30, 2024 Ciel Ltd., a Mauritian-based conglomerate, plans to increase output at its textile factories in India by about a third to boost supply to brands including Hugo Boss, Lacoste and Superdry. See catwalkBoss – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight The company’s textile division in India has [...]read moreMauritian Hugo Boss supplier banks on India unit to fuel growth

Kurt Geiger boss is latest to warn of ‘tourist tax’ impact

September 2, 2024 mpsingh No Comments Business boss, Geiger, Impact, Kurt, latest, tax, tourist, Warn

Kurt Geiger’s chief executive Neil Clifford has joined the growing chorus of retailers calling for a return of tax-free shopping in the UK ahead of October’s first new-government budget. Kurt Geiger Clifford said the end of tax-free shopping for tourists is “having a “massively negative effect” on spending in Britain, and that the government “is [...]read moreKurt Geiger boss is latest to warn of ‘tourist tax’ impact

Hugo Boss shareholder Frasers files request to buy more shares

August 24, 2024 mpsingh No Comments Business boss, Buy, files, Frasers, Hugo, Request, shareholder, Shares

By Reuters Published Aug 24, 2024 Hugo Boss‘ second-biggest shareholder, British sports and fashion retailer Frasers, has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday. Reuters A spokesperson for the Bundeskartellamt authority did not provide any information regarding [...]read moreHugo Boss shareholder Frasers files request to buy more shares

Hugo Boss sells Russian business to wholesale partner Stockmann

August 5, 2024 mpsingh No Comments Business boss, business, Hugo, Partner, Russian, sells, Stockmann, wholesale

By Reuters Published Aug 5, 2024 Hugo Boss has sold its Russian business to wholesale partner Stockmann for an undisclosed fee, the German fashion house said on 5 August, joining the ranks of Western brands to exit the Russian market over the war in Ukraine. Reuters The German fashion company suspended its retail business in [...]read moreHugo Boss sells Russian business to wholesale partner Stockmann

Hugo Boss profit undershoots in Q2 as China and UK both disappoint

August 1, 2024 mpsingh No Comments Business boss, China, disappoint, Hugo, profit, undershoots

Hugo Boss disappointed on Thursday with the German upscale fashion giant reporting Q2 operating profit below market expectations. That followed it cutting its full-year sales and earnings forecasts last month due to consumer demand remaining sluggish. Boss Analysts on average had expected it to make €81.9 million in Q2 earnings before interest and tax (EBIT) [...]read moreHugo Boss profit undershoots in Q2 as China and UK both disappoint

Hugo Boss may push back 2025 targets as luxury sector falters

July 31, 2024 mpsingh No Comments Business boss, falters, Hugo, Luxury, push, sector, targets

By Reuters Published Jul 31, 2024 Hugo Boss may push back key sales and profit targets beyond 2025 when it reports its second-quarter results on Thursday, as investors watch for updates on trading and cost-cutting plans. Boss Shares in the company fell as much as 10% in July as it cut its full-year sales and [...]read moreHugo Boss may push back 2025 targets as luxury sector falters

Hugo Boss cuts full year sales guidance over weaker demand in China, UK

July 16, 2024 mpsingh No Comments Business boss, China, cuts, demand, Full, guidance, Hugo, sales, weaker, Year

By Reuters Published Jul 16, 2024 German fashion house Hugo Boss on Monday cut its sales guidance for the year to a range of between 4.20 billion euros ($4.58 billion) to 4.35 billion euros over weakening global consumer demand especially in markets like China and the UK. See catwalkBoss – Fall-Winter2023 – 2024 – Womenswear [...]read moreHugo Boss cuts full year sales guidance over weaker demand in China, UK

Frasers adds to Hugo Boss stake again

July 11, 2024 mpsingh No Comments Business adds, boss, Frasers, Hugo, stake

The Frasers Group acquisition trail is showing no signs of running out of road any time soon, with brand takeovers, shopping destination buys and now a further top-up of its Hugo Boss stake. Hugo Blue It said this week that it has increased its investment in the German luxe fashion giant. It now has interests [...]read moreFrasers adds to Hugo Boss stake again

John Lewis boss Ruis aims to increase shop floor staff

July 10, 2024 mpsingh No Comments Beauty aims, boss, Floor, increase, John, Lewis, Ruis, Shop, staff

In a bid to improve staff visibility within its fashion department, John Lewis plans to charge third-party brands a lower rate of commission in exchange for providing more staff to work in their concessions. John Lewis The retailer’s new executive director, Peter Ruis, wants to usher in a “Selfridges-style” approach of highly attentive customer service [...]read moreJohn Lewis boss Ruis aims to increase shop floor staff

Frasers Group adds to Hugo Boss investment, is still likely to win UK ops of Ted Baker

May 31, 2024 mpsingh No Comments Business adds, Baker, boss, Frasers, Group, Hugo, investment, ops, Ted, Win

Frasers Group has increased its stake in Hugo Boss again with the UK business releasing a brief statement on Friday to that effect. Hugo Blue It said it now holds 1,740,161 shares of common stock, representing 2.47% of Hugo Boss’s total share capital. And it has 9,797,500 shares of common stock via the sale of ‘put [...]read moreFrasers Group adds to Hugo Boss investment, is still likely to win UK ops of Ted Baker