Tag: $Hugo Boss

 Hugo Boss shares dropped 11% on Wednesday after it warned that its sales and profit would fall next year, as the struggling German fashion brand embarks on a strategic reset.

Hugo Boss on Tuesday pointed to deteriorating U.S. consumer confidence, with uncertainty around tariffs, recession risks and immigration policy dampening both domestic and tourist spend in its largest single market.

Hugo Boss’ on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading.

Hugo Boss’s shares rose Friday amid widespread losses for European stocks after Chief Executive Daniel Grieder purchased a stake in the company valued at $1.1 million.

Hugo Boss’ second-biggest shareholder, British sports and fashion retailer Frasers has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday.

Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales outlook, becoming the latest high-end fashion line to warn of persistent woes in the luxury sector.

Shares of Hugo Boss were plunged more than 18%, before paring losses slightly Thursday, after warning that it may fail to meet its 2025 sales target.

Shares of Hugo Boss fell as much as 11% on Tuesday after the iconic German clothing company said its fourth-quarter earnings would fall short of analyst expectations.

German fashion house Hugo Boss on Thursday raised its 2025 sales target, betting on strong demand across its markets as it proved immune to weaker U.S. consumer sentiment.