Metzingen Archive

Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival

METZINGEN, Germany — Hugo Boss said the head of its ailing US business will be replaced at the end of the month after less than two years in the job. Gerrit Ruetzel will leave to “seek new opportunities,” the Metzingen, Germany-based clothier said in a statement Wednesday. He will be succeeded by Anthony Lucia, who rejoins the company he worked at for a decade until …

Hugo Boss Lowers Profit Outlook as Sales Slow

METZINGEN, Germany — Hugo Boss AG lowered its profit forecast for 2016 as the struggling German fashion label reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer. Earnings before interest, taxes, depreciation and amortisation and other items will decline by 17 percent to 23 percent in 2016, the Metzingen, Germany-based company said in a statement on Friday. That …