GERMANY: Hugo Boss Slashes Profit Outlook Again
Troubled German fashion giant Hugo Boss AG on Monday issued another profit warning and slashed its full-year profit forecast to 70 million euros from its earlier outlook of 95 million euros. Citing tough market conditions, the company said in a statement that first half net profit would come in below expectations at 30 million euros, down almost 50 per cent from 58.9 million in the year-ago period.
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