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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

STRATEGY SHIFT: A Hugo Boss store in Beijing. It slashed prices for its spring collection by 20 per cent in China, with another 10 per cent due in the second half.

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...

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