Hugo Boss AG news and archive

Frasers Group raises Hugo Boss stake, now controls over 25 percent of voting rights

British retail group Frasers Group Plc has further increased its stake in Hugo Boss AG. It now directly holds over 25 percent of the voting rights. The parent company of the retail chains Sports Direct, Frasers and Flannels crossed the 20 percent threshold on June 12. The company crossed the 25 percent threshold of voting rights from shares in...

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Difficult market conditions: Hugo Boss reports decline in sales and profit in first quarter

The Metzingen-based fashion group Hugo Boss AG felt the impact of the current adverse market conditions in the first quarter of the 2025 financial year. On Tuesday, the company announced declines in sales and earnings. However, the clothing supplier maintained its annual forecasts. “Following a successful final quarter in 2024, our business...

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Hugo Boss posts 59 percent drop in Q2 sales

Announcing its second quarter results, Hugo Boss Ag said with approximately 50 percent of its global store network closed on average during the course of the second quarter, the company’s business was significantly impacted by the pandemic. The group sales declined to 275 million euros in the quarter, corresponding to a decrease of 59 percent...

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Hugo Boss names Oliver Timm as Chief Sales Officer

The supervisory board of Hugo Boss Ag has appointed Oliver Timm as Chief Sales Officer (CSO) with effect from January 1, 2021. In this position, the company said in a statement, he will assume global responsibility for the group’s own retail operations as well as wholesale and e-commerce businesses. “I am very happy that, with the addition of...

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Hugo Boss reports stronger than expected Christmas quarter

Hugo Boss Ag, for its fourth quarter reported currency-adjusted group sales increase of 4 percent or 5 percent in reported currency to 825 million euros (915.5 million dollars) on a preliminary basis. Hugo Boss sales, on a preliminary, non-audited basis, reached 2,884 million euros (3,200 million dollars), representing an increase of 3 percent...

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Hugo Boss AG revenues climb 1 percent for Q3

The company said on Tuesday its Q3 net profit decreased. Compared with the same period last year, revenues decreased by 1 percent. For Q3, the company's net profit was 56 million euros, dropped from 66 million euros last year. Revenues increased to 720 million euros. The profit margin of the company decreased to 8 percent compared to 9 percent a...