RED-HOT GROWTH COOLS FOR HUGO BOSS

HUGO Boss said sales growth would halve this year, cooled by a likely slowdown in red-hot Chinese demand for designer labels. The German fashion house, controlled by private equity house Permira, also announced plans to convert all its preference shares into ordinary shares, rekindling speculation that the buyout firm could seek an exit soon. In November Permira denied having any imminent exit plans.
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