BOSS NET UP: According to preliminary figures, net income for the Hugo Boss Group rose by 7 percent in 2004, the company said Wednesday. Boss did not release actual amounts at this time, but said earnings before interest and taxes rose 13 percent while group sales climbed 11 percent (or 13 percent adjusted for currency effects). Boss Woman maintained its dynamic growth in 2004, with sales growing 36 percent. In 2003, the German fashion house grew net earnings 10.3 percent to 82.4 million euros, or $107.4 million. Group sales in 2003 hit 1.05 billion euros, or $1.37 billion, a decline of 3.7 percent. Full financial results for 2004 will be released at a press conference on March 30.
This story first appeared in the January 28, 2005 issue of WWD. Subscribe Today.