BERLIN — Retail expansion, combined with higher marketing expenses and costs relating to a new distribution center, put pressure on first-quarter earnings at German men’s wear giant Hugo Boss.
Net income was flat at 81.6 million euros or $111.8 million, and earnings before interest and taxes slipped 2 percent to 108.7 million euros, or $149 million. Earnings before interest, taxes, depreciation and amortization before special items were down 1 percent to 131.3 million euros, or $179.9 million.
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?"