The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

New sales tack in US, China suit Hugo Boss Q2 results

Published Wed, Aug 2, 2017 · 09:50 PM
Share this article.

Berlin

GERMAN fashion house Hugo Boss beat second-quarter expectations on Wednesday, helped by restructuring and its first rise in US sales in two years, boosting its shares.

The company, known for its smart men's suits, said US sales rose 2 per cent while sales in China jumped 14 per cent.

After a string of profit warnings, Hugo Boss has been slashing prices in China to bring them closer to European and US levels, making efforts to appeal to younger customers, investing in its website and closing loss-mak…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Consumer & Healthcare

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here