Boss beats expectations

07/02/2008

There is still no sign of a spending slowdown as yet another luxury brand has reported better-than-expected results for 2007.

German high-end fashion, leathergoods and footwear company Hugo Boss saw group sales rise by 9% for the year to reach €1.632 billion (a 12% rise on a currency-adjusted basis), while net income increased a massive 20% to €154 million, up from €29 million in 2006.