BERLIN — On the heels of its third record-breaking year in a row, Hugo Boss is projecting high-single-digit increases in currency-adjusted sales and earnings before interest, taxes, depreciation and amortization in 2013, driven by the group’s growing retail business.
Final 2012 figures released Thursday confirmed preliminary results published in February. Net income rose 8 percent to 307 million euros, or $394.8 million, and EBITDA allowances before special items gained 13 percent to 529 million euros, or $680.3 million. Sales rose 14 percent to 2.35 billion euros, or $3.02 billion, which corresponds to currency-neutral growth of 10 percent.
“I see things on the hanger and I’m, like, ‘I never knew that color worked on me.’ It’s things you necessarily wouldn’t choose to wear, but once you put them on, you see why Janie is who Janie is." — Lily Collins on working with former "Mad Men" costume designer, Janie Bryant on creating looks for her role as Celia Brady's in Amazon series, "The Last Tycoon." 📸@jilliansollazzo #wwdeye
EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
Meet actress Lucy Boynton, who plays opposite Naomi Watts in the recently released Netflix series "Gypsy." Boynton stopped by WWD to talk about her upcoming projects and her nomadic lifestyle. Get all the details on WWD.com. #wwdeye (📷: @dandoperalski)