Hugo Boss has lowered its guidance as the slowdown in the luxury market continues to take its toll
Luxury fashion retailer Hugo Boss has lowered its full-year guidance as the slowdown in the luxury sector took its toll during the second quarter.
Hugo Boss posted a 42% fall in EBIT during the second quarter of the year to €70m (£58.8m), demonstrating softer sales trends and “strategic investments into the business”.
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