BERLIN — Buoyed by a stronger-than-expected fourth quarter, Hugo Boss generated a 53 percent increase in net profits in 2011 to 284 million euros, or $395.9 million, on a 9 percent gain in sales to 2.06 billion euros, or $2.87 billion.
In figures released Thursday, Boss reported fourth-quarter sales rose 18 percent to 499 million euros, or $673.3 million, with earnings before interest, taxes, depreciation and amortization gaining 26 percent to 97 million euros, or $130.9 million, before special items. All dollar figures are converted from the euro at an average exchange rate for the period.
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)