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Hugo Boss to close some China outlets

Slowdown in luxury spending to blame; firm made 60% of sales from own stores in 2015

Metzingen, Germany

GERMAN fashion house Hugo Boss is closing outlets in China and will review its global store network as it tries to revive its fortunes following the departure of its chief executive last month after a profit warning.

Like other upmarket fashion retailers, Hugo Boss has been hit by a slowdown in luxury spending, particularly in China.

In a strategy shift last November the German label known for its smart men's suits said it would restrict new store openings to top global locations...

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