Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Mark Langer
Hugo Boss Expects Demand for Suits to Return Despite Quarterly Sales Slump
The German luxury house saw its sales drop 59 percent and reported revenue of $323.5 million in the second quarter, missing analyst expectations.
Hugo Boss CEO Mark Langer to Exit
Langer will leave the German fashion house on September 30 but will continue on as a consultant until the end of the year due to the Covid-19 outbreak.
Hugo Boss Sees Recovery Elsewhere After Hong Kong Hit
The German luxury house predicts a rise in operating profit in the fourth quarter, despite falling sales in the US and declining growth in Asia.
Hugo Boss CEO Isn’t Worried About Goldman Sachs Going Casual
The company’s Boss brand is trying to meet the demand for sophisticated smart-casual attire, as well as millennial concerns such as sustainability.
Hugo Boss Expects Strong Growth in Asia and Online
The company said it expected a high single-digit percentage increase in operating profit for 2019 and a mid single-digit percentage rise in currency-adjusted sales.
Hugo Boss Sees Chance of Returning to Profit Growth in 2017
After years of struggle, Hugo Boss is seeking to revive under the leadership of Mark Langer, the former finance chief who was promoted to chief executive officer in May.
Hugo Boss CEO Wants to Abandon Luxury Segment
German fashion house Hugo Boss is planning to abandon the luxury market and go back to its roots of selling premium men's clothing.
Marzotto Family Backs Hugo Boss’s New CEO by Increasing Stake
Italy’s Marzotto family increased its stake in Hugo Boss, showing confidence that new chief executive officer Mark Langer can turn around the struggling German clothier.
The News in Brief
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.