Ailing Hugo Boss ‘returning to stability’

Hugo Boss, the ailing German clothier, said earnings may rise in 2017 as its turnaround takes shape after profit plummeted on weak sales in China and the US last year.

Adjusted operating profit will rise or fall as much as 3% this year, the company said yesterday, as it cut its dividend to €2.60 a share.

After years of struggle, Hugo Boss is seeking to revive under the leadership of Mark Langer, the former finance chief who was promoted to chief executive officer in May.