**Hugo Boss**: Shares Plummet 18% Amid Sales Forecast Woes – What’s Next for the Luxury Fashion Brand?
London, England – Hugo Boss, the German high-end fashion brand, faced a significant drop in share value of 18% on Thursday after issuing a warning regarding potential failure to achieve its 2025 sales target due to weakening consumer demand. The company projected slower sales growth in the upcoming year, despite reaching 4.2 billion euros in sales in 2023, marking an 18% increase from the previous year. Shares of Virgin Money surged by 36% in early …