Hugo Boss
This coverage focuses on Hugo Bossโs activities, strategy, and performance within the UK retail and fashion market. Reporting highlights store openings, wholesale and licensing developments, marketing campaigns, leadership appointments, and financial results. Tailored for retail executives, brand managers, and buyers analysing premium fashion trends, brand positioning, and commercial strategies.
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Nov- 2024 -6 NovemberClothing & Shoes
Hugo Boss sales remain flat in Q3
Hugo Boss reported flat sales to โฌ1.02bn (ยฃ833m) in Q3 2024 despite ongoing macroeconomic and geopolitical uncertainties.ย In light of the slowdown in sales, the groupโs operating profit declined 7% with EBIT amounting to โฌ95m (ยฃ79m) in the third quarter. Over the first nine months of 2024, currency-adjusted group sales…
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Oct- 2024 -29 OctoberClothing & Shoes
Dr Martens owner acquires stake in K-Way
Permira Growth Opportunities II, a fund advised by global investment firm and owner of Dr Martens Permira, has entered into an agreement to acquire a significant minority stake in K-Way, a premium French outerwear brand, from BasicNet SpA, led by the Boglione family. Founded in 1965 in Paris, K-Way has…
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Sep- 2024 -23 SeptemberNews
Today’s news in brief-23/9/24
Frasers Group is facing audit issues with two brands, I Saw It First and Choice, revealing significant payroll data discrepancies. Auditors struggled to verify ยฃ7m in payments for I Saw It First due to lost data during system transitions. Similarly, Hart Shaw encountered missing crucial information for Choice. These revelations…
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23 SeptemberClothing & Shoes
Hugo Boss profits drop to ยฃ12.3m in FY23
Hugo Boss has reported a 50% decline in profits to ยฃ12.3m and a 39% decrease in operating profit to ยฃ19.7m for the year ended 31 December 2023. Its turnover also decreased by 3% during the year to ยฃ392m. Retail sales decreased from ยฃ206.9m to ยฃ204.2m, while wholesale turnover dropped from…
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Aug- 2024 -2 AugustClothing & Shoes
Hugo Boss sees profits and revenues fall in Q2
Hugo Boss has reported a 42% drop in operating profit (EBIT) to โฌ70m (ยฃ59m) in Q2 2024 due to lower revenues in the three month period as well as higher operating expenses. Its sales also dropped by 1% to โฌ1.01bn (ยฃ858.5m) and EBIT margin decreased by 490 basis points to…
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Jul- 2024 -11 JulyNews
Today’s news in brief-11/7/24
The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services sector led growth, expanding by 0.3%, while construction grew by 1.9%. Analysts see this growth influencing the Bank of England’s upcoming interest rate decision. British entrepreneur Mike Jatania is nearing…
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11 JulyClothing & Shoes
Frasers Group further increases stake in Hugo Boss
Frasers Group has announced that it has upped its investment in Hugo Boss, increasing its overall stake from โฌ360m (c. ยฃ305m) in May to โฌ490m (c. ยฃ415m).ย The group now has 5.6m shares of common stock, representing 7.99% of Hugo Boss’s total share capital. It also owns 9,721,000 shares of…
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May- 2024 -7 MayNews
Today’s news in brief
The latest BRC-KPMG Retail Sales Monitor reveals a 4% year-on-year decrease in total UK retail sales for April. Non-food sales dropped by 2.8% over the three months to April compared to a growth of 1.2% in 2023. Food sales saw a 4.4% increase over the same period, although this is…
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7 MayDepartment Stores
Mike Ashley settles lawsuit against Morgan Stanley
Mike Ashleyโs Fraserโs Group has dropped a $50bn (ยฃ40bn) lawsuit against Morgan Stanley, with no money exchanged by either parties, after the retail tycoon accused the bank of โsnobberyโ over a nearly $1bn (ยฃ797m) margin call. In a statement to The Financial Times, Morgan Stanley said: โFrasers Group plc and…
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2 MayNews
Today’s news in brief-2/5/24
Total supermarket sales growth in the UK slowed to 3.4% in the four weeks ending April 20, down from the previous month’s 5.4%, as per NIQ data. This decline is attributed to easing inflation, an earlier Easter, and decreased general merchandise sales. Despite lower food inflation, food prices remained high…
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