Hugo Boss news and archive

Frasers Group increases Hugo Boss shareholding through put options

Britain’s Frasers Group, the owner of retail chains like Sports Direct, has significantly expanded its investment in German luxury fashion house Hugo Boss through the sale of additional put options. This latest transaction strengthens Frasers Group’s existing stake, with the company now directly holding more than 13.5 million shares of Hugo...

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Is Formula One fashion’s new playground?

The new Formula One season kicks off this weekend in Australia and it seems that the motorsport dominated by the likes of Lewis Hamilton and Charles Leclerc has captured the fashion world with everyone from luxury fashion houses to sportswear brands and high street names looking for a piece of the action. Once confined to a predominantly...

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Despite record sales, Hugo Boss annual profit drops 17 percent

German fashion group Hugo Boss AG achieved record sales in fiscal year 2024. However, profits fell significantly short of the previous year's level, according to the company's annual report released on Thursday. Annual sales increase by 3 percent Group sales reached 4.31 billion euros last year, a 3 percent increase compared to 2023, marking the...

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Hugo Boss textile reuse subsidiary Eightyards begins operations

Eightyards GmbH has officially launched its business operations from its base in Metzingen, Germany, where it will allow the Hugo Boss Group, of which it is a wholly-owned subsidiary, to repurpose surplus materials for new use. Hugo Boss first announced the establishment of Eightyards towards the end of 2024, stating at the time that its...

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Hugo Boss brings in marketing expert from Netflix

James Foster has been appointed to the role of senior vice president global marketing at Hugo Boss. Foster took up his new position at the turn of the year, the Germany-based clothing retailer announced on Thursday. He succeeds Nadia Kokni, who left the company in December to "take on new professional challenges". Kokni joined Hugo Boss in...

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Brand Beckham hits new heights as empire expansion pays off

The transformation of David and Victoria Beckham from sports and pop culture icons into global business powerhouses reached new milestones in 2024, with significant financial returns validating their strategic brand diversification. DRJB Holdings, the company behind David Beckham's commercial ventures, distributed 124m dollars in dividends,...

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Stephan Sturm to take over as chairman of Hugo Boss supervisory board

Hugo Boss has announced that Stephan Sturm, 61, will take over as chairman of the company’s supervisory board following the next annual shareholders' meeting. The company’s nomination committee has proposed him as successor to Hermann Waldemer. In addition, the company said Andreas Kurali, 59 and Michael Murray, 35, will run for election to the...

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Hugo Boss launches independent recycling company

German fashion company Hugo Boss has launched an independent company called Eightyards to focus on recycling and reusing surplus materials from the group’s fashion brands. In a statement, Hugo Boss said that Eightyards has been developed to be “strategically aligned with Hugo Boss's comprehensive commitment to environmentally and...

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Boss launches ski range as luxury brands eye growing winter sports market

The luxury ski apparel market is witnessing renewed attention as Boss becomes the latest premium brand to expand its winter sports offering, signalling growing confidence in the category's commercial potential. The German luxury house has unveiled a comprehensive ski capsule collection, marking a strategic push into a segment that industry...

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Hugo Boss Q3 sales remain flat, maintains 2024 outlook

In the third quarter, Hugo Boss managed to increase currency-adjusted sales by 1 percent in a challenging market environment. In group currency, revenues amounted to 1,029 million euros in the quarter, slightly above the prior-year level. Supported by the third-quarter performance, the company’s currency-adjusted sales rose 2 percent and in...

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Hugo Boss Foundation invests in Indian cotton fibre project

The Hugo Boss Foundation has signed a partnership with the Grameena Vikas Kendram Society of Rural Development (GVK Society), an Indian grass-roots non-profit organisation with the mission to build regenerative, circular and socially inclusive agricultural value chains that optimise value for smallholder farmers and indigenous communities. This...

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Hugo Boss and Movado Group extend partnership to 2031

Watchmaker Movado Group has announced the extension of its licensing agreement with German fashion brand Hugo Boss, expanding the duo’s partnership until December 31, 2024. Included in the agreement is an option for Movado subsidiary, MGI Luxury Group S.A., to potentially further prolong the agreement for an additional five years, subject to...