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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Aug- 2022 -9 AugustAnalysis
How luxury brands are turning to young consumers to boost sales
Despite the cost-of-living crisis having a firm grip on consumers, it seems that luxury brands are finding ways to retain and attract young customers through refreshing their campaigns, diversifying their offering and leaning into sustainable initiatives. Hugo Boss kicked off 2022 with โsocial-firstโ campaigns, for example, that made use of…
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8 AugustDepartment Stores
Mike Ashley pursues legal claim against Morgan Stanley
Mike Ashley has reportedly launched a legal claim against Morgan Stanley, alleging the investment bank acted in โbad faithโ over trades made by Ashley to build his stake in Hugo Boss. According to This is Money, court documents claim that Morgan Stanley โintended to harmโ Frasers by indirectly forcing it…
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3 AugustEconomy
Hugo Boss hails strongest Q2 in its history
Hugo Boss has reported an operating profit of โฌ100m (ยฃ83.4m) for Q2, over double the โฌ42m (ยฃ35m) it recordedย in Q2 2021. The three month period also saw group sales surge 34% compared with the prior-year period and its revenues increased 40%, totaling โฌ878m (ยฃ728.9m), marking its โstrongest second quarter…
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2 AugustNews
JD Sports names Rรฉgis Schultz as new CEO
JD Sports Fashion Plc has appointed Rรฉgis Schultz as the company’s new CEO, effective September 2022 when interim CEO Kath Smith will undertake a full handover of duties, and Smith will then resume her former role as senior independent director on the board. Schultz has a wealth of retail experience…
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Jun- 2022 -30 JuneNews
Frasers acquires minority stake in fashion marketplace MySale
The Frasers Group has announced that it has acquired a 28.7% holding in the Australian-based fashion marketplace, MySale plc, for an undisclosed sum. MySale connects global buyers and sellers to Australian and New Zealand e-commerce sites. The group said that this pipeline will be further enhanced by the benefits of…
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27 JunePeople Moves
Loaf appoints CCO
Loaf, homeware and furniture retailer, has appointed Theodore Sheppard as its new chief commercial officer. Sheppard will be responsible for driving sales and growing market share. He will be defining the direction for the brand and devising the companyโs sales and marketing strategies. Leading the marketing, creative and retail teams,…
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22 JuneEconomy
Frasers Group increases stake in Hugo Boss
Frasers Group, a British retail and intellectual property group, has increased its stake in German fashion brand Hugo Boss. Frasers announced it now has 3.4 million shares โ a 4.9% stake โ in Hugo Boss and holds buy options over another 26% shareholding. The group said its investment in the…
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Apr- 2022 -21 AprilClothing & Shoes
Hugo Boss to launch premium resale platform
Hugo Boss is set to launch its premium resale platform in the third quarter of 2022 where customers can buy pre-owned items. It will first be launched in France, with the platform planned to expand to Germany, the UK, and the US in 2025. The platform, โHugo Boss Pre-Lovedโ will…
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8 AprilNews
Frasers boosts shares in Hugo Boss
Frasers Group has announced it has recently increased its investment in Hugo Boss AG, and now has 1.5m shares of common stock, representing 2.1% of Hugo Boss’s total share capital. It said this investment reflects its โbeliefโ in the Hugo Boss brand, strategy and management team. Frasers Group said it…
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Mar- 2022 -1 MarchNews
Hugo Boss restructures creative leadership team
Hugo Boss has announced a series of changes to its creative leadership team. Ingo Wilts, chief brand officer of Hugo Boss AG, will step down from the executive board for โpersonal reasonsโ, effective 28 February. The firm said Wilts will continue to be involved in the company’s collection-related projects until…
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