Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Hugo Boss posts record profits

James Thompson
Friday 04 February 2011 01:00 GMT
Comments

Hugo Boss enjoyed the best performance in its 88-year history in 2010 and revealed it is "very confident" on the outlook for this year.

The German fashion house, which is backed by the private equity firm Permira, posted an 82 per cent leap in net income to a record €189m (£161m) last year. This was driven by the group expanding its own retail business and the "consistent enforcement" of its pricing policy across this operation and its wholesale unit.

Hugo Boss also delivered its best annual revenues, up 7 per cent to €1.73bn.

Claus-Dietrich Lahrs, the company's chief executive, said: "2010 was the most successful year in the history of Hugo Boss. We have consistently geared the group towards profitable growth. This will be clearly visible also in 2011."

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in