BusinessHugo Boss plans more shop closures to regain growthScale down: Hugo Boss is to lose another 20 shops worldwide in the next 18 monthsReutersJoanna Hodgson5 August 2016The new chief of Hugo Boss has unveiled a series of “painful” decisions to help the embattled design house return to growth. However, he cheered investors with a fashionable performance in the UK.Mark Langer said the brand would close another 20 shops worldwide in the next 18 months, adding to 20 closures revealed in March.It also plans to cut down on discounting in the United States.Langer, who was promoted to the role three months ago, said: “To return to profitable growth again in the medium term, we have made decisions that are painful to begin with.”Read MoreWH Smith hire turnaround veteran with package that could be worth £25mBlue Posts boss: If opening a pub becomes so risky, people just won't do itCulpeper pub boss: Rates system is not fit for purpose — and not fairSponsoredReset your wellbeing for the year aheadHugo Boss is one of a raft of luxury goods companies which are battling weaker demand, and sales dropped by 1% in the second quarter. But it said sales in the UK rose by a “double-digit rate”. The shares increased by 6.5%, or €3.4, to €55.65.MORE ABOUTHugo Boss
