GERMANY: Hugo Boss Cuts 2002 Outlook
Leading German fashion firm Hugo Boss on Monday slashed its earnings forecast for fiscal 2002 amid inventory discrepancies in the US and that country's weak economy. The Metzingen-based company said in a news release it now sees net income of 95 million euros ($87m) for 2002 on a slight rise in sales compared to its net income for 2002 of 107 million euros.
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