Hugo Boss News
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Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire.
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Hugo Boss AG dropped the most in eight months in Frankfurt trading after majority owner Permira Advisers LLP said it plans to sell a stake in the German luxury- clothing maker.
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European stocks advanced to the highest level since June 2008 as a report showed U.S. employment in April picked up more than forecast and the jobless rate unexpectedly dropped to a four-year low.
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Hugo Boss AG said first-quarter operating profit fell 11 percent as the German luxury-clothing maker changed its collection cycle and economic conditions remained difficult in Europe.
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German stocks advanced, pushing the benchmark DAX Index to a record, as a report showed U.S. employment picked up more than forecast and as Adidas AG posted profit that beat estimates.
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Huaxia Bank Co.’s Pretty Lady credit card, co-issued with Deutsche Bank AG, entices women with triple points for cosmetics and fitness-club memberships. The Ms. Magic card from China Citic Bank Corp. dotted with Swarovski crystals offers free beauty treatments and health insurance.
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Hugo Boss AG, the German luxury- clothing maker controlled by buyout firm Permira Advisers LLP, said operating profit will probably rise at a slower pace than last year as 2013 will be challenging.
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“You got a particularly morbid one!” the Guggenheim employee told me.
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Hugo Boss AG, the German luxury- clothing maker that gets about 60 percent of its revenue from Europe, expects the region’s economy to struggle through next year, forcing it to seek growth elsewhere.
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Hugo Boss AG, the luxury-clothing maker controlled by Permira Advisers LLP, reported fourth- quarter operating profit that topped analysts’ estimates, driven by growth at its wholesale business and store openings.
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