De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Metzingen, Germany
Luxury
Hugo Boss Expects Demand for Suits to Return Despite Quarterly Sales Slump
The German luxury house saw its sales drop 59 percent and reported revenue of $323.5 million in the second quarter, missing analyst expectations.
Hugo Boss Expects Demand for Suits to Return Despite Quarterly Sales Slump
The German luxury house saw its sales drop 59 percent and reported revenue of $323.5 million in the second quarter, missing analyst expectations.
Retail
Hugo Boss Sees Recovery in Third Quarter at Earliest
The German suit maker warned it expects second-quarter sales to fall by at least 50 percent.
Hugo Boss Sees Recovery in Third Quarter at Earliest
The German suit maker warned it expects second-quarter sales to fall by at least 50 percent.
Retail
Hugo Boss Expects 50% Sales Drop Next Quarter as Crisis Impact Worsens
The German suit maker's first-quarter sales fell by 17 percent as a result of shuttered stores.
Hugo Boss Expects 50% Sales Drop Next Quarter as Crisis Impact Worsens
The German suit maker's first-quarter sales fell by 17 percent as a result of shuttered stores.
Workplace & Talent
Hugo Boss CEO Mark Langer to Exit
Langer will leave the German fashion house on September 30 but will continue on as a consultant until the end of the year due to the Covid-19 outbreak.
Hugo Boss CEO Mark Langer to Exit
Langer will leave the German fashion house on September 30 but will continue on as a consultant until the end of the year due to the Covid-19 outbreak.
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Retail
Golden Goose Acquired By Permira
Current owner Carlyle aimed for bids valuing the Italian sneaker brand at no less than €1.2 billion, per sources.
Golden Goose Acquired By Permira
Current owner Carlyle aimed for bids valuing the Italian sneaker brand at no less than €1.2 billion, per sources.
Workplace & Talent
Inside a Cross-Functional Team of Technological Innovators at Hugo Boss
BoF discovers how the German company, which reported €2.8 billion in sales in 2018, developed one of their experimental technology teams using existing employees to drive innovation across the business.
Inside a Cross-Functional Team of Technological Innovators at Hugo Boss
BoF discovers how the German company, which reported €2.8 billion in sales in 2018, developed one of their experimental technology teams using existing employees to drive innovation across the business.
Luxury
Hugo Boss Sees Recovery Elsewhere After Hong Kong Hit
The German luxury house predicts a rise in operating profit in the fourth quarter, despite falling sales in the US and declining growth in Asia.
Hugo Boss Sees Recovery Elsewhere After Hong Kong Hit
The German luxury house predicts a rise in operating profit in the fourth quarter, despite falling sales in the US and declining growth in Asia.
Luxury
Hugo Boss Plunges to 9-Year Low as Turnaround Unravels
The German brand's stock fell as much as 13 percent as suitmakers struggle to adjust to the trend toward casual office attire.
Hugo Boss Plunges to 9-Year Low as Turnaround Unravels
The German brand's stock fell as much as 13 percent as suitmakers struggle to adjust to the trend toward casual office attire.
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Luxury
Hugo Boss Pares Outlook Due to Challenges in US Market
Shares in the suit-maker fell as much as 3.8 percent in early Frankfurt trading, their biggest intraday decline in two months.
Hugo Boss Pares Outlook Due to Challenges in US Market
Shares in the suit-maker fell as much as 3.8 percent in early Frankfurt trading, their biggest intraday decline in two months.
Luxury
Hugo Boss Sales Accelerate in Key Christmas Quarter
Europe was its fastest-growing region, where sales rose at double-digit rates, while China recorded high single-digit store sales growth.
Hugo Boss Sales Accelerate in Key Christmas Quarter
Europe was its fastest-growing region, where sales rose at double-digit rates, while China recorded high single-digit store sales growth.
Workplace & Talent
Building an Agile Business at Hugo Boss
Empowering its work force to innovate without fear of failure, Hugo Boss is encouraging its teams to tap into a world class infrastructure to transform the fashion world from within.
Building an Agile Business at Hugo Boss
Empowering its work force to innovate without fear of failure, Hugo Boss is encouraging its teams to tap into a world class infrastructure to transform the fashion world from within.
Luxury
Hugo Boss Forecasts Sales, Earnings Accelerating
The company aims to stay more on top of trends and grow e-commerce services, leading them to expect accelerated sales and operating margins of 15 percent by 2022.
Hugo Boss Forecasts Sales, Earnings Accelerating
The company aims to stay more on top of trends and grow e-commerce services, leading them to expect accelerated sales and operating margins of 15 percent by 2022.
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.