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Hugo Boss Posts Annual Profit Above Expectations

The logo of German fashion company Hugo Boss is seen at a store in Vienna, Austria, November 23, 2016. (Reuters)
The logo of German fashion company Hugo Boss is seen at a store in Vienna, Austria, November 23, 2016. (Reuters)
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Hugo Boss Posts Annual Profit Above Expectations

The logo of German fashion company Hugo Boss is seen at a store in Vienna, Austria, November 23, 2016. (Reuters)
The logo of German fashion company Hugo Boss is seen at a store in Vienna, Austria, November 23, 2016. (Reuters)

German fashion group Hugo Boss reported a higher than expected annual operating profit on Tuesday, despite a challenging market environment.

The company reported earnings ‌before interest ‌and taxes (EBIT) of ‌391 ⁠million euros ($455 million) ⁠for 2025, up from 361 million euros a year earlier, and above analyst's average forecast of 379 million euros in a company-provided ⁠poll.

"2025 once again highlighted ‌the ‌rapid transformation of our industry, shaped by ‌technological innovation, evolving consumer preferences ‌and ongoing macroeconomic and geopolitical uncertainty," Chief Executive Officer Daniel Grieder said in a statement.

Luxury groups ‌have been struggling with tighter consumer spending, with the ⁠sector ⁠hit by slowing demand for fashion and accessories particularly in the US and China.

The premium fashion retailer said it will propose a dividend of 0.04 euros per share for 2025, compared with 1.40 euros a year earlier.

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Fashion

Kering Shares Slide After Gucci Sales Disappoint

A logo of fashion house Gucci is seen outside a shop in Paris, France, April 15, 2024. (Reuters)
A logo of fashion house Gucci is seen outside a shop in Paris, France, April 15, 2024. (Reuters)
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Kering Shares Slide After Gucci Sales Disappoint

A logo of fashion house Gucci is seen outside a shop in Paris, France, April 15, 2024. (Reuters)
A logo of fashion house Gucci is seen outside a shop in Paris, France, April 15, 2024. (Reuters)

Kering shares plunged as much as 10% on Wednesday after first-quarter sales at its Italian flagship brand Gucci dropped more than expected, underlining the challenges in reviving the brand's appeal.

Gucci sales fell 8%, the 11th straight quarterly decline, as the Iran war weighed on spending by Middle Eastern shoppers and curtailed international travel.

Shares ‌were down ‌8.5% to 255 euros at ‌0827 ⁠GMT and on ⁠track for their steepest daily decline in more than a year.

The result came days before Kering CEO Luca de Meo is due to unveil his strategic plan to turn around the 33-billion-euro ($39 ⁠billion) group's fortunes.

"While guidance was ‌confirmed, the timeline ‌for a Gucci turnaround remains uncertain and likely ‌gradual, against a challenging macro backdrop and ‌ongoing geopolitical tensions," Citi analysts wrote.

Like larger peers LVMH and Hermes, Kering is facing deteriorating demand from customers impacted by the conflict in the ‌Middle East.

Kering said it had seen strong demand for Gucci ⁠products ⁠in North America, but JPMorgan analysts said this was likely a trend for all luxury brands, rather than just Gucci, and pointed to double-digit declines in all other regions.

"This suggests, in our view, that the turnaround will take a lot longer, and much more work, than the bulls would hope for," they said.

Kering shares are down around 7% so far in 2026.

Fashion

Texas Attorney General Probes Lululemon over Potential 'Forever Chemicals'

FILE PHOTO: A Lululemon sign is seen at a shopping mall in San Diego, California, US, November, 23, 2022. REUTERS/Mike Blake//File Photo
FILE PHOTO: A Lululemon sign is seen at a shopping mall in San Diego, California, US, November, 23, 2022. REUTERS/Mike Blake//File Photo
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Texas Attorney General Probes Lululemon over Potential 'Forever Chemicals'

FILE PHOTO: A Lululemon sign is seen at a shopping mall in San Diego, California, US, November, 23, 2022. REUTERS/Mike Blake//File Photo
FILE PHOTO: A Lululemon sign is seen at a shopping mall in San Diego, California, US, November, 23, 2022. REUTERS/Mike Blake//File Photo

Texas Attorney General Ken Paxton has launched an investigation into athleisure brand Lululemon over the potential presence of "forever chemicals" in its activewear, he said on Monday in a post on social-media platform X.

The probe will examine whether Lululemon's athletic apparel contains PFAS, which the brand's health-conscious customers would not expect based on its marketing, Paxton said. PFAS, or per- and polyfluoroalkyl substances, are a group of widely used materials called "forever chemicals" because they do ⁠not break down easily ⁠in nature.

"Lululemon does not use PFAS in its products," a company spokesperson said, adding it phased out the substance in fiscal 2023, after limited use in durable water repellent products.

According to Reuters, Attorney General Paxton said emerging research and consumer concerns have raised ⁠questions about whether certain synthetic materials in the apparel could be linked to endocrine disruption, infertility, cancer and other health risks.

PFAS are associated with harmful health effects in humans and animals, according to the US Environmental Protection Agency.

The Office of the Attorney General will examine Lululemon's testing protocols, restricted substances list and supply chain practices against state safety standards.

"If Lululemon has violated Texas law, it will be ⁠held accountable," Paxton ⁠said in his post.

The company spokesperson said they are aware of the inquiry and are cooperating.

Earlier this year, the company had to pull its "Get Low" workout collection from its website following user complaints, only resuming online sales after addressing the issues.

Lululemon, which appointed a former chief of jeans maker Levi Strauss to the board last month, has forecast weak annual results amid tepid demand and an ongoing proxy fight with its founder.

Fashion

Dolce & Gabbana Appoints Ex-Gucci Boss Stefano Cantino as Co-CEO

17 January 2026, Italy, Milan: Stefano Gabbana (L) and Domenico Dolce wave and smile at Milan Fashion Week. Photo: Cinzia Camela/Alamy/Pa/PA Wire/dpa
17 January 2026, Italy, Milan: Stefano Gabbana (L) and Domenico Dolce wave and smile at Milan Fashion Week. Photo: Cinzia Camela/Alamy/Pa/PA Wire/dpa
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Dolce & Gabbana Appoints Ex-Gucci Boss Stefano Cantino as Co-CEO

17 January 2026, Italy, Milan: Stefano Gabbana (L) and Domenico Dolce wave and smile at Milan Fashion Week. Photo: Cinzia Camela/Alamy/Pa/PA Wire/dpa
17 January 2026, Italy, Milan: Stefano Gabbana (L) and Domenico Dolce wave and smile at Milan Fashion Week. Photo: Cinzia Camela/Alamy/Pa/PA Wire/dpa

Italian fashion house Dolce & Gabbana on Monday named former Gucci CEO Stefano Cantino as its Co-CEO, working alongside Chair and Chief Executive Officer Alfonso Dolce.

Dolce took on the additional role of ⁠chair this year following ⁠the resignation from the position of company co-founder Stefano Gabbana, who retained his creative role.

Cantino's appointment "follows Dolce & Gabbana's ⁠growth path, oriented towards the evolution of its organizational model from a Fashion Brand to a Lifestyle Company," Reuters quoted a statement as saying.

"I am delighted to have Stefano Cantino by my side in this new phase of ⁠growth ⁠and development of Dolce & Gabbana," Dolce said.

Alfonso Dolce is the brother of Domenico Dolce, who co-founded the fashion house with Gabbana in 1985. The pair are still in charge of creative direction.