Hugo Boss - the Fashion Group Benefits From the Prospect of a Revival in Consumer Demand, Major Shareholder Fraser Increases Stake Further!

Business drivers: The fashion group HUGO BOSS, like many other major players in the industry, has recently suffered from weaker consumer demand, particularly in key markets like China. However, as it successfully counters this with cost-cutting measures and continues to appeal to the affluent younger clientele with trendy casual styles, the company should disproportionately benefit from a revival in consumer demand. In the first quarter, despite a 2% decline in sales and a 12% drop in operating profit, the company performed solidly overall. Following...