News

Hugo Boss to cut costs after sales dip

04/05/2016

Luxury fashion group Hugo Boss has reported sales of €643 million in the first quarter of 2016, a 4% decline, resulting in a 49% fall in net profit to €38.5m. Following similar reports from fellow luxury retailers LVMH and Burberry, the Germany-based company saw sales in Europe dip 2% due to reduced tourism in the region following recent terror...

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