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Hugo Boss plans global retail expansion

Premium menswear label Hugo Boss is set to open up to 250 stores by 2015, with a focus on ramping up its expansion in China.

Hugo Boss, which has about 450 stores worldwide and aims to increase this to 700 in the next five years, wants to open just under hal of the new stores in China.

The company also aims to increase the proportion of sales from its own retail stores from about one-third to half and the percentage of sales from accessories from 12% to 15%.

Hugo Boss reported a pre-tax profit hike of 30% to 82.4m (£68.8m) in the six months to June 30. EBITDA was up 16% to 118m (£98m).

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