hugoboss
Leading German fashion house Hugo Boss is selling its Russian business to its long-standing wholesale partner Stockmann, a spokeswoman for the luxury label said on Wednesday. In the wake of Moscow's invasion of Ukraine, Hugo Boss shuttered its shops in Russia and suspended its online business in the country. Russia and Ukraine accounted for around 3% of group sales in 2021, according to the company based in Metzingen, in south-west Germany. The spokeswoman said Russian authorities have already given their approval to the pending sale. Once the transaction is completed, Hugo Boss will have have...
DPA International
Leading German fashion house Hugo Boss is selling its Russian business to its long-standing wholesale partner Stockmann, a spokeswoman for the luxury label said on Wednesday. In the wake of Moscow's invasion of Ukraine, Hugo Boss shuttered its shops in Russia and suspended its online business in the country. Russia and Ukraine accounted for around 3% of group sales in 2021, according to the company based in Metzingen, in south-west Germany. The spokeswoman said Russian authorities have already given their approval to the pending sale. Once the transaction is completed, Hugo Boss will have have...
DPA
Leading German fashion house Hugo Boss is selling its Russian business to its long-standing wholesale partner Stockmann, a spokeswoman for the luxury label said on Wednesday. In the wake of Moscow's invasion of Ukraine, Hugo Boss shuttered its shops in Russia and suspended its online business in the country. Russia and Ukraine accounted for around 3% of group sales in 2021, according to the company based in Metzingen, in south-west Germany. The spokeswoman said Russian authorities have already given their approval to the pending sale. Once the transaction is completed, Hugo Boss will have have...
DPA Breaking News
The parent company of luxury fashion brand Hugo Boss posted a 22% rise in fourth-quarter net income attributable to equity holders on Thursday. Income at the German firm increased to €85 million ($93 million) from the previous year's €70 million. Earnings per share also saw a rise to €1.23 from €1.02 a year ago. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 2% to €219 million, with an improved EBITDA margin of 18.6%. Quarterly sales showed a significant increase of 10% to €1.18 billion, marking a 13% growth on a currency-adjusted basis. The company plans to p...
DPA International
The parent company of luxury fashion brand Hugo Boss posted a 22% rise in fourth-quarter net income attributable to equity holders on Thursday. Income at the German firm increased to €85 million ($93 million) from the previous year's €70 million. Earnings per share also saw a rise to €1.23 from €1.02 a year ago. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 2% to €219 million, with an improved EBITDA margin of 18.6%. Quarterly sales showed a significant increase of 10% to €1.18 billion, marking a 13% growth on a currency-adjusted basis. The company plans to p...
DPA
The parent company of luxury fashion brand Hugo Boss posted a 22% rise in fourth-quarter net income attributable to equity holders on Thursday. Income at the German firm increased to €85 million ($93 million) from the previous year's €70 million. Earnings per share also saw a rise to €1.23 from €1.02 a year ago. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 2% to €219 million, with an improved EBITDA margin of 18.6%. Quarterly sales showed a significant increase of 10% to €1.18 billion, marking a 13% growth on a currency-adjusted basis. The company plans to p...
DPA Breaking News
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