Fashion retailer Hugo Boss, an investment emblematic of the difficulties facing its private-equity owner Permira Advisers during the financial crisis, proved to be one of the company’s biggest winners of recent years.
Buyout firm Permira Advisers is set to make about twice its original investment in Hugo Boss AG as it sells its remaining stake in the German retailer.
Hugo Boss AG, the German purveyor of angular suits and Berlin brand handbags, predicted profit growth this year as the company takes control of more stores to offset slower growth at home.
Zalando SE, Europe’s largest online fashion retailer, is selling 17.9 million existing shares after reporting its first full-year profit.
The board of German sportswear company Adidas has launched a formal search for a successor to long-serving Chief Executive Herbert Hainer, who has faced calls from some investors to step down after his contract was extended to 2017.
In Milan’s teeming commercial district, something unusual is happening this winter — Italians are shopping.
Zalando SE surged in Frankfurt trading after Europe’s largest online fashion retailer reported its first annual profit helped by lower sales and marketing costs.
Permira Holdings Ltd. is cutting its stake in Hugo Boss AG below 14 percent, boosting the clothier’s free float in a move that may make it more attractive to institutional investors.
Hugo Boss AG reported fourth-quarter sales and profit that missed estimates as the German clothier contended with sluggish demand for high-priced fashion in economically stagnant Europe.