Hugo Boss Cuts Full-Year Earnings Forecast
Hugo Boss lowered its full-year earnings outlook, citing higher expenses and softer consumer demand expectations. RBC analysts said the move could weigh on U.K. retailer Frasers Group.
Hugo Boss's lowered outlook could weigh on U.K. retailer Frasers Group, RBC Capital Markets' Manjari Dhar and Richard Chamberlain write in a note. The German company reduced its full-year earnings forecast, given higher expenses and softer consumer demand expectations. "We think this is a negative…