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Hugo Boss shares drop the most in five months

Published Wed, May 3, 2017 · 09:50 PM

Berlin

HUGO Boss AG shares fell the most in five months as weakness in the US kept the German clothier's sales revival in check.

US sales declined 7 per cent, the company said on Wednesday, after it stopped selling goods to outlet stores that carry different brands at discounts. The shares fell as much as 6.4 per cent in Frankfurt, the steepest intraday decline since Nov 16.

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Hugo Boss shares drop the most in five months

Consumer & Healthcare

Billionaire Geiger is said to near US$7 billion L’Occitane buyout

HCA beats first-quarter profit estimates on higher patient admissions

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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