
Hugo Boss Slashes Earnings Outlook as Q3 Profit Slumps 15%
Group revenue fell 5 per cent to 946 million euros amid flat trading across Asia-Pacific.
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Group revenue fell 5 per cent to 946 million euros amid flat trading across Asia-Pacific.

Backed by CyberAgent subsidiary Sirok, the fermented rice skincare brand targets global retail expansion following rapid domestic growth.

Deliveries of the 498,000-yuan electric SUV led the luxury bracket in Shanghai for four straight months, even as wider corporate sales fell 15.23 per cent in October.

Bangkok, Phuket and three provinces capture 70 percent of tourism receipts as operators and state agencies pivot to regional craft merchandising and events.

The boutique introduces the region’s first Pillow Talk Beauty Bar inside Plaza Indonesia.

Sales drops reaching 20 per cent across major fashion houses in mainland China trigger sharp equity losses and pressure retail operations across Asia.

Over 45 luxury watchmakers joined the six-day event as brand participation climbed more than 50 per cent.

Flat Asia-Pacific sales and weaker footfall in mainland China offset gains elsewhere as group revenue reached €1.49 billion.

Total group revenue increased 18 percent during the 26 weeks to September 26 while promotional sales dropped 300 basis points.

The activation marks the latest chapter in the luxury brand’s global series of large-scale presentations following Paris, New York and Shanghai.

Mainland sales for the 25 largest luxury labels also tumbled across August and September, with executives fearing weakness could linger until 2027.

Frontline staff failures cause up to 72 percent of in-store purchase cancellations across regional flagship boutiques.

The Swiss chocolatier partners with luxury group Valiram to launch a flagship boutique at The Exchange TRX featuring a 19-flavour Pick & Mix station.

The luxury alpine label expands into menswear on its tenth anniversary, rolling out 21 styles priced up to $1,980 across selected boutiques in Japan, Europe and the US.

Richemont remains roughly flat as major luxury companies report lower sales across a three-year downturn following the post-pandemic boom.

Currency shifts diverting spending to Japan and weak domestic consumer confidence curb demand for high-end apparel and leather goods across mainland boutiques.
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