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Hugo Boss is a company with grand ambitions. Upon joining the company in June 2021, newly appointed CEO Daniel Grieder launched a strategic growth initiative called Claim 5 to take the German ...
On a preliminary basis, Hugo Boss recorded sales of EUR 2,786 million in 2021. This is an increase of 43% in comparison to the previous year and only 1% below pre-pandemic levels in 2019.
Hugo Boss said it expected a gradual normalisation of inventories to begin in the second half and was confident of bringing stocks below 20% of group sales by 2025, from 56.6% at the end of June.
Hugo Boss has agreed to sell its Russian business to wholesale partner Stockmann, the German fashion house said on Wednesday, a deal that will end its presence in Russia a little over two years ...
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