Position last year: 54
It has been a year of ups and downs for Hugo Boss and its UK managing director Stephan Born. While the brand remains a strong favourite with independent stores across the country, it was forced to cut its sales and profit forecast amid a slowdown in China and the US, with preliminary figures showing a 1% drop in sales to €744m (£547m) during the third quarter. EBITDA also fell, down 8% to €168m (£124m).
In the UK, Born confirmed in September that the brand is set to move into a new unit on London’s Regent Street, which is twice the size of its existing store, while it is also extending its Liverpool One shop, adding a second floor and womenswear collection for the first time.
However, Born came under fire in May after Hugo Boss announced that it planned to open 50 new stores worldwide by the end of 2016, with some of its stockists believing the brand was deliberately growing its retail arm with little thought for independent stores.