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Thursday, May 6, 2021

Hugo Boss expects sales to double in second quarter

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BERLIN (Reuters) – German fashion house Hugo Boss saw first-quarter sales almost double in mainland China and its casualwear business returned to growth, predicting a rebound in the rest of the business in the course of 2021 as COVID-19 lockdowns ease.

Hugo Boss on Wednesday said it is confident that sales in the second quarter will almost double those of the prior-year period and it is optimistic of also generating a positive operating profit in the period although it cannot give a precise outlook.

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