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Business

Frasers Group further ups stake in Hugo Boss

Frasers Group has once again upped its stake in German fashion brand Hugo Boss. The UK retail group said Wednesday it now owns 3.4 million shares of common stock, representing a 4.9 percent stake in the brand, and 18.3 million shares of common stock via the sale of put options, representing a 26 percent stake. The investment increases the group’...

22 Jun 2022

People

COO Heiko Schäfer leaves Hugo Boss

German fashion group Hugo Boss AG announced on Friday that chief operating officer Heiko Schäfer would leave the group’s managing board with effect of May 31, 2022. He will “pursue a new professional assignment outside the group” according to a statement. Schäfer joined Hugo Boss in March 2020, at the beginning of the Covid-19 pandemic. He came...

20 May 2022

Fashion

Hugo Boss to launch dog apparel with the Kanine Group

Fashion brand Hugo Boss has signed a five-year licensing agreement with the Kanine Group subsidiary, Kanine Pets World Limited to launch global dog apparel and accessories. The exclusive license covers the design, production, and worldwide distribution of products for dogs including apparel, accessories, home products, and toys under the Boss...

9 May 2022

Fashion

Boss launches new podcast series “Behind the Boss”

German fashion brand Boss has announced a new podcast series focusing on those people who “chase their dreams with courage and conviction to define their own path”. An attitude that is also propagated in the current Boss campaign. Each episode will delve into the lives of extraordinary artists, creators and athletes, revealing how each guest...

6 May 2022

BusinessFeatured

Hugo Boss posts strong sales growth, confirms positive outlook

In the first quarter of 2022, Hugo Boss reported currency-adjusted sales increase of 52 percent to 772 million euros against the prior-year period and 17 percent currency-adjusted compared to the first quarter of 2019, representing a further acceleration as compared to the final quarter of 2021. In group currency, revenues increased 55 percent....

4 May 2022

Business

Hugo Boss to launch resale platform

Fashion brand Hugo Boss is launching a resale platform in the Q3 of 2022 to support its sustainability efforts as part of its ‘Claim 5’ strategy. The ‘Hugo Boss Pre-Loved’ platform will offer a “curated assortment” of pre-owned items that have been traded in by existing customers, as Hugo Boss looks to move to a circular business model. The...

21 Apr 2022

Business

Frasers Group ups stake in Hugo Boss again

Mike Ashley’s Frasers Group has again increased its stake in high-end label Hugo Boss as the British fashion group pushes forward with its elevation strategy. Frasers Group, which owns brands Sports Direct, Flannels, House of Fraser and Jack Wills, announced late on Thursday it has increased its stake in the German brand and now owns 1.5 million...

8 Apr 2022

Business

Hugo Boss renews watches and jewellery licensing agreement

German fashion group Hugo Boss has renewed its licensing agreement with the Modavo Group, carrying the duo’s partnership to the end of 2026. The licence covers Boss watches and jewellery and Hugo watches for both men and women. With the contract’s renewal, the retailer hopes to continue working on its Claim 5 growth strategy, in which it plans...

21 Mar 2022

BusinessFeatured

Hugo Boss swings to FY profit as sales return to pre-Covid levels

Hugo Boss saw a 43 percent increase in sales in fiscal 2021 as it swung to a full-year profit. The German luxury label reported group sales of 2.786 billion euros for the year, which was up from 1.946 billion euros a year earlier, and in line with pre-pandemic 2019 levels. The company said the growth was “broad-based” in nature, with sales...

10 Mar 2022

Business

Frasers Group ups investment in Hugo Boss

Mike Ashley’s Frasers Group has increased its investment in Hugo Boss, raising its shares, via the sale of put options, to 13.7 percent. The group, which owns the likes of Flannels and Sports Direct, also now holds 4.5 percent of Hugo Boss’ total share capital. With the increase of its investment, Frasers Group now owns shares worth around 390...

8 Mar 2022

Business

Hugo Boss announces refreshing of creative leadership team

German fashion group Hugo Boss has announced the rebuilding of its creative department following the unveiling of its revamped Boss and Hugo brand identities. In its first move, Hugo Boss’ chief brand officer, Ingo Wilts will be stepping down from the executive board, of which he has been a member of since 2016, for personal reasons. Wilts, who...

28 Feb 2022

Business

Hugo Boss announces partnership with sustainable yarn developer

German fashion company Hugo Boss has announced a long-term strategic partnership with sustainable yarn developer HeiQ AeoniQ, in line with its ‘Claim 5’ growth strategy. The retailer has put in a five million dollar equity investment into HeiQ, as well as an additional contingent of four million dollars based on performance milestone...

14 Feb 2022