Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
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
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.