METZINGEN, Germany — With its recent performance outpacing both in-house and analysts’ expectations, Hugo Boss AG on Tuesday significantly raised medium-term profit and sales guidance.
The Metzingen-based group is now projecting sales will reach 3 billion euros, or $4.12 billion at current exchange, by 2015, with earnings before interest, taxes, depreciation and amortization (EBITDA) before special items increasing to 750 million euros, or $1.03 billion. Boss had previously forecast sales of 2.5 billion euros, or $3.43 billion, and EBITDA of 500 million euros, or $686 million, when it outlined its five-year strategy in March 2010.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"