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Gloucestershire Business News

Hugo Boss to see revenue increase of 30-35 per cent

Hugo Boss has announced its revenue is expected to grow by 30-35 per cent. Group sales rose by 133 per cent from April-June of 2021. This £536 million is more than double the £234 million for the same period in 2020.

"Despite the persisting uncertainties regarding the further development of the pandemic, Hugo Boss is confident that the company's overall business recovery will continue in the second half of 2021", the retailer said.

Second-quarter sales exceeded market expectations, increasing 129 per cent on a preliminary basis.

The company will release the results of the second quarter on August 4th.

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