Hugo Boss shares fall 7% as fashion firm flags weakening demand

Demand in key markets such as China and Britain has continued to deteriorate

The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new outlets last year. File picture

Hugo Boss shares closed 7% lower after the German fashion firm flagged weaker demand in China and concern about US consumer sentiment ahead of the US presidential election.

The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new outlets last year, but its shares have fallen this year as it warned of slower sales growth.