Hugo Boss news and archive

Hugo Boss confirms growth outlook on strong Q3 results

Hugo Boss sales increased by 15 percent currency-adjusted to 1,027 million euros and by 10 percent in group currency, respectively. The company said in a release that currency-adjusted revenues for Boss menswear increased by 12 percent, while revenues for Boss womenswear were up 24 percent. At Hugo, currency-adjusted sales even expanded by 25...

Retail

Hugo Boss to invest 100 million euros to expand logistics facility in Germany

To further support the execution of its Claim 5 growth strategy, Hugo Boss is expanding its distribution centre for flat-packed goods in Filderstadt-Bonlanden near Stuttgart, Germany. To cater to the increased global customer demand for the Boss and Hugo collections, the company said in a statement, it is investing more than 100 million euros in...

Business

Frasers Group seeks evidence from Morgan Stanley boss over margin call dispute

UK fashion conglomerate Frasers Group has confirmed that it has requested for New York court to secure evidence from the chief executive of Morgan Stanley, James Gorman, for a lawsuit it issued over a one billion dollar margin call. Frasers initially filed the related lawsuit against the bank in London’s High Court back in 2021, stating that the...

Business

Hugo Boss steps into equestrian apparel

Hugo Boss is preparing to enter the equestrian apparel ring with a new Boss line to be launched by September 15. The Boss Equestrian collection has been designed, produced and distributed by Bold Equestrian Ltd, and offers a mix of lifestyle fashion for both men and women. A select range of horse accessories will complete the line, also donning...

BusinessFeatured

Ralph Lauren, Diesel and Hugo Boss face Canadian watchdog investigation for forced labour claims

A number of fashion and apparel companies are facing investigations by a Canadian watchdog in regards to complaints alleging there was evidence of forced labour in their production. The Canadian Ombudsperson for Responsible Enterprise (CORE) published its initial reports for each of the companies in question, responding to a series of complaints...

ManagementFeatured

Hugo Boss lifts outlook on strong Q2

Hugo Boss sales increased by 20 percent currency-adjusted and 17 percent in group currency to 1,026 million euros in the second quarter. The company said in a release that revenues exceeded pre-pandemic levels by 52 percent currency-adjusted. The company’s operating profit (EBIT) increased 21 percent to 121 million euros. On the back of these...

ManagementFeatured

Hugo Boss raises 2025 sales target to 5 billion euros

German fashion house Hugo Boss has raised its sales target to 5 billion euros by 2025, up 11 percent CAGR against 2022. The company expects EBIT to reach at least 600 million euros with EBIT margin of at least 12 percent. “Hugo Boss is raising its 2025 top and bottom-line ambition. While it aims to achieve its previous mid-term sales target of 4...

Business

Hugo Boss to strengthen bodywear category with new appointment

Hugo Boss has appointed Béatrice Cené to the role of head of design & creative technical product development bodywear and hosiery (BW&H). Born in France, she has been working for the Metzingen-based fashion group since May 1. Cené's appointment is intended to strengthen the bodywear division. The 47-year-old, who will report directly to...

Report

Hugo Boss launches a dedicated denim line under Hugo Blue

Following the brand refresh in 2022, Hugo Boss is expanding its portfolio with Hugo Blue, a new line dedicated to denim under the Hugo brand. Set to launch with a summer collection in 2024, the company said in a release, Hugo Blue will introduce the well-known Hugo logo representing a bold, fresh, and young style. The aesthetic of the brand line...

ManagementFeatured

Hugo Boss expects to cross 4 billion euros revenue target in FY23

Hugo Boss first quarter sales amounted to 968 million euros, representing an increase of 25 percent both currency-adjusted and in group currency. Revenues strongly exceeded pre-pandemic levels by 44 percent currency-adjusted. In light of the strong financial performance in the first quarter, the company has raised its top- and bottom-line...

Business

Hugo Boss signs Pakistan Accord, commits to workplace safety

German fashion group Hugo Boss has announced the signing of the Pakistan Accord, which sees it make a commitment to the protection of health and safety for its garment workers. The Pakistan Accord was first introduced late last year as an extension of Bangladesh’s 2021 International Accord for Health and Safety in the Textile and Garment...

Fashion

Hugo Boss joins Metaverse Fashion Week

Metaverse fashion week has added Boss to its roster of brands, which also sees Dolce & Gabbana, Coach, Tommy Hilfiger and Adidas participate in its Fall 2023 edition. The three day event, which ends Friday, 31st March, sees Boss operating a virtual showroom as an extension of its SS23 Miami fashion show. In a statement the company said the...