×
91 041
Fashion Jobs
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time - ny 59th st
Permanent · New York
ABERCROMBIE AND FITCH CO.
Associate Analyst, Information Security
Permanent · Columbus
MARC JACOB'S
Sales Supervisor
Permanent · Aurora
BLOOMINGDALE'S
Asset Protection Supervisor, Full Time - ny 59th st
Permanent · NEW YORK
ULTA BEAUTY, INC.
Portfolio Manager IT
Permanent · Bolingbrook
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
ABERCROMBIE AND FITCH CO.
Asset Protection Agent
Permanent · San Francisco
H&M
Part Time Cleaning Technician
Permanent · NEW YORK
SAKS
2nd Shift Asset Protection Associate
Permanent · LA VERGNE
SAKS
2nd Shift Inventory Control Processor
Permanent · LA VERGNE
FABLETICS
Art Director - Yitty
Permanent ·
UNDER ARMOUR
Stock Teammate, Part-Time 5:00 am Tuesday - Saturday Shift, Starting Pay $15.25 Per Hour
Permanent · SAN DIEGO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Sherman Oaks
Permanent · LOS ANGELES
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · Philadelphia
MACY'S
Retail Cosmetics Stock - Estee Lauder, Flushing - Full Time
Permanent · New York
MACY'S
Asset Protection Officer, Bailey Road - Full Time (3840)
Permanent · North Jackson
KOHLS
Financial Analyst
Permanent · Menomonee Falls
GAP
General Manager - Glendale Galleria
Permanent · Glendale
MACY'S
Asset Protection Security Guard, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Detective, Manhattan Beach - Full Time
Permanent · Manhattan Beach
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
By
Reuters
Published
Aug 16, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hugo Boss shareholder says group will boost presence in China

By
Reuters
Published
Aug 16, 2015

German fashion house Hugo Boss will expand its presence in China, key shareholder Gaetano Marzotto said in an interview in newspaper Welt am Sonntag.

Gaetano Marzotto is one of the key shareholders of Hugo Boss - Archiv


Despite slowing growth in the world's second-largest economy, Marzotto told the paper that he saw the potential for higher sales in China.

"Up until now China accounts for less than 10% of group sales, this could be ramped up," Marzotto said in an advance extract of an interview to be published on Sunday.

His family clan holds a 7.95% stake in Hugo Boss, making it the company's biggest shareholder.

The Chinese are the world's biggest buyers of luxury goods and have been increasingly shopping abroad as big shifts in exchange rates make luxury items much cheaper for them in Europe than at home.

Hugo Boss's currency adjusted sales in the country increased 1% in the six months through June versus a decline of 2% in the prior year period.

Finance chief Mark Langer said earlier this month he did not expect an improvement soon in China, which contributes about 8% of group sales.

Hugo Boss recently took over 21 stores in China, previously operated by a partner, to strengthen its brand in the market.

The group has been spending heavily on expanding its own store network, where sales are more profitable than through other retailers' shops.


 

© Thomson Reuters 2022 All rights reserved.