Hugo Boss suits are out of favour with Americans

Hugo Boss

As if the luxury goods industry didn’t have enough to worry about with the troubling developments in its key Asia markets, Hugo Boss AG has raised the specter of things going wrong in America too.

The maker of smart suits said on Thursday that its sales (when excluding currency movements) and earnings growth would be at the lower end of its anticipated range this year. It blamed weakness in the U.S.

Read the full article on Bloomberg.