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Asia Slowdown Hurts Hugo Boss Sales

Asia Slowdown Hurts Hugo Boss SalesAsia Slowdown Hurts Hugo Boss Sales

Shares in German fashion Hugo Boss have sunk 10% after it said trading in the third quarter of the year had been weaker than expected, BBC reported. The company blamed a deteriorating market environment in Asia and a slowdown in the US. It cut its 2015 growth forecasts for sales and core profits to 3%-5%. The news came a day after shares in British fashion house Burberry declined by 8% because of falling revenues in Asia.

 

Financialtribune.com