Business Latest News: Hugo Boss Eyes Asia for One Fifth of Group Sales

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Business Latest News: Hugo Boss Eyes Asia for One Fifth of Group Sales

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Business Latest News: Hugo Boss Eyes Asia for One Fifth of Group Sales

by Wochit 1:04 mins

Business Latest News: Hugo Boss Eyes Asia for One Fifth of Group Sales

by Wochit 1:04 mins

German fashion house Hugo Boss Chief financial Officer Mark Langer said the company wants its Asian business to lift its contribution to group sales to 21 percent from 15 percent by 2015. Langer said about two-thirds of the target should come from China, where Hugo Boss is taking over shops from franchise partners and expanding existing stores. Reports in German media say that ThyssenKrupp , Germany's biggest steelmaker, is examining the possibility of selling part of its European steel business to an investor. A company spokesman declined comment on the subject and pointed to previous statements by Chief Executive Heinrich Hiesinger that Thyssen had no plans to divest European steel operations. Intel Corp's top executives recently said the microprocessor company would speed up development and roll-out of its Atom chips for mobile devices, as the computing world moves away from the traditional personal computer.

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