GERMANY: Hugo Boss Says 2003 Sales Weak
German fashion giant Hugo Boss AG revealed on Tuesday 2003 Spring/Summer were down four per cent due to lower demand in the US and Germany but reaffirmed its full-year net profit forecast. The firm, which has downgraded its profit outlook twice this year and is owned by Marzotto, said German orders were down 10 per cent year-on-year and North American orders five per cent below last year's levels.
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