pessimistic

Hugo Boss plunges 13% on pessimistic sales outlook

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Mannequins display men’s suits inside a Hugo Boss showroom. Bloomberg | Bloomberg | Getty Images Shares of Hugo Boss plunged 13% Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on course for its worst trading day since 2016, after it … Read more

The CEO of engineering group ABB is ‘fairly pessimistic’ on China

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The CEO of Swedish-Swiss multinational industrial and engineering group ABB mentioned he has been “disillusioned” by the state of the Chinese language market, including he expects circumstances will show difficult for the remainder of the 12 months. “China isn’t actually growing as we hoped at first of the 12 months,” mentioned Bjorn Rosengren, CEO of … Read more