Key facts
- Hugo Boss cut its outlook, citing weakening consumer demand, according to the report.
- The report said the cut came just days after Mike Ashley's Frasers Group took control of Hugo Boss.
- The report gave no figures for the revised outlook or the prior guidance.
Hugo Boss cut its outlook in the face of weakening consumer demand, according to a report that did not date the event. The report said the cut came just days after Mike Ashley's Frasers Group took control of the company.
The report gave no figures for the revised outlook, no comparison with the previous guidance, and no date for either the outlook cut or the change of control. It did not state the size of Frasers Group's holding or the terms on which it took control.
No statement from Hugo Boss or Frasers Group was carried in the report.