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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)