Arab Today, arab today hugo boss eyes expansion in china market
Last Updated : GMT 05:28:56
Arab Today, arab today
Arab Today, arab today

Hugo Boss eyes expansion in China market

Arab Today, arab today

Arab Today, arab today Hugo Boss eyes expansion in China market

Abu Dhabi - Arabstoday

German fashion house Hugo Boss said it would focus on opening its own stores and expanding into smaller cities in China as growth in the main driver of the luxury industry slows in 2012. “Although the market environment in China has deteriorated somewhat due to the more cautious consumer sentiment recently, we are nonetheless confident that we will be able to hold our own in the tough competition,” Chief Executive Claus-Dietrich Lahrs said as the group reported a 10 percent rise in first-quarter sales. It said it planned to open 50 of its own stores this year, with the focus on China, but added it would also look at expanding its presence in Europe. Sales at luxury companies from LVMH to Richemont and Burberry soared last year, as Chinese demand for high-end European brands surged. Even though growth in Asia is expected to slow this year, many companies, like LVMH, have said Europe remains more of a worry. Hugo Boss, known for its sharp suits, said the Europe market had been mixed in the first quarter, with sales growing in Germany, the UK and Benelux countries, while France remained steady. It maintained its forecast for currency-adjusted sales to rise by up to 10 percent in 2012, while core profit should rise at a faster rate. The group reported first quarter sales of 607 million euros ($800 million) with operating profit before special items up 13 percent at 148 million euros. Analysts had been expecting the group to report first-quarter sales of 592 million euros, according to a Reuters poll.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hugo boss eyes expansion in china market Arab Today, arab today hugo boss eyes expansion in china market

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hugo boss eyes expansion in china market Arab Today, arab today hugo boss eyes expansion in china market

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday