Hugo Boss CEO says wants to abandon luxury segment: Handelsblatt

October 25, 2016 By admin

German fashion house Hugo Boss is planning to abandon the luxury market and go back to is roots of selling premium men's clothing, its chief executive told Handelsblatt. “The effort to make in-roads in the luxury market didn't prove to be particularly helpful for our business,” Mark Langer was quoted as saying on Tuesday in his first interview since taking over at Hugo Boss. Former boss Claus-Dietrich Lahrs had taken the German label more upmarket as the luxury market boomed, opening more than 400 stores worldwide and putting a bigger focus on womenswear.

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Hugo Boss CEO says wants to abandon luxury segment: Handelsblatt

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South Africa’s Foschini Group lifts profit on clothing sales

November 12, 2015 By creative

South African fashion retailer The Foschini Group's half-year profit rose 16.6 percent on strong growth in clothing sales, it said on Thursday. TFG, which in January bought Britain's Phase Eight, said headline earnings per share (EPS) from continuing operations rose to 470.2 cents for the six months ended Sept. 30 from 403.3 cents a year earlier. Headline EPS is the main profit measure in South Africa and strips away certain one-off items.

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South Africa’s Foschini Group lifts profit on clothing sales

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