BERLIN — Despite decreases in earnings and sales in the first quarter of 2010, the Hugo Boss Group reasserted it will “return to growth in 2010.”
Net income declined 11 percent in the quarter ending March 31 to 56.3 million euros, or $78 million, and earnings before interest and taxes (EBIT) were down 10 percent to 76.2 million euros, or $105.6 million. All dollar figures are converted from the euro at average exchange for the period.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"