hugoboss
German luxury fashion brand Hugo Boss reported Thursday that its first-quarter net income attributable to equity holders of the parent company grew 9% to €38 million ($40 million) from last year's €35 million. Earnings per share were 0.55 euro, up 9% from €0.50 a year ago. Operating result or EBIT was €69 million, 6% above the prior-year level of €65 million. As a result, the Group's EBIT margin increased 10 basis points to 6.8%. Group sales in the three-month period amounted to €1.01 billion, 5% higher than last year's €968 million. Sales growth was 6% on a currency-adjusted basis, with reven...
DPA International
Leading German fashion house Hugo Boss is selling its Russian business to its long-standing wholesale partner Stockmann, a spokeswoman for the luxury label said on Wednesday. In the wake of Moscow's invasion of Ukraine, Hugo Boss shuttered its shops in Russia and suspended its online business in the country. Russia and Ukraine accounted for around 3% of group sales in 2021, according to the company based in Metzingen, in south-west Germany. The spokeswoman said Russian authorities have already given their approval to the pending sale. Once the transaction is completed, Hugo Boss will have have...
DPA International
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