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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
Published Fri, Mar 11, 2016 · 09:50 PM
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.
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