Hugo Boss AG (BOSSn.DE)
17 Aug 2018
FRANKFURT/PARIS Lower than expected margins dragged on Germany's Hugo Boss as it pursues a turnaround with investments in its fashion lines, eclipsing an improved sales performance.
* Shares down more than 6 percent (Updates with management comments on margin outlook)
FRANKFURT/PARIS, Aug 2 German fashion house Hugo Boss posted a 6 percent rise in currency-adjusted sales in the second quarter, lifted by demand in Europe and Asia as rival high-end brands report resilient sustained appetite from Chinese shoppers.
PARIS, July 20 Luxury handbag maker Hermes International expects first-half operating profits close to the record level reached last year, as Hermes posted solid second quarter sales that augured well for the rest of the luxury sector.
ROUSSE, Bulgaria/PRAGUE Miglena Hristova's factory near the Danube is among a growing number in southeastern Europe positioning themselves to help top brands adjust to faster fashion cycles. | Video
* Southeast Europe targets luxury amid competition at lower end
FRANKFURT, May 3 The following are some of the factors that may move German stocks on Thursday:
BERLIN German fashion house Hugo Boss reported strong quarterly sales growth in China and the United States on Wednesday but saw a decline in its home market and for its Hugo brand that it is updating for younger consumers. | Video
* Shares flat after initial dip (Adds CEO comments from conference call)
* HUGO BOSS CEO SAYS DOES NOT SEE SHORT-TERM IMPACT ON CHINESE BUSINESS FROM ESCALATING US-CHINA TRADE TENSIONS