Hugo Boss shares slightly down (42.01 €)

The stock of fashion company Hugo Boss has fallen slightly.

Yesterday the stock dropped 0.38 percent to 42.01 euros. The business had a challenging year in 2022. The business suffered from inflation and the war in Ukraine.

Hugo Boss sees hope

Hugo Boss expects to increase sales by up to 10% in 2023. Sales growth of 6% to 8% is expected in the core brand division. The company predicts that the Asian market will be strong. Many wealthy people in Asia want luxury fashion brands such as Hugo Boss. Sales in the Greater China region are expected to increase by more than 10%.

The future plans of Hugo Boss

The CEO of Hugo Boss also said in a statement that they plan focus on sustainability in 2023. By 2030, the company wants to reduce its carbon footprint by 50%.