Hugo Boss AG
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| Type |
Public (Xetra: BOS3) |
| Founded |
1923 |
| Headquarters |
Metzingen, Germany |
| Key people |
Claus-Dietrich Lahrs, CEO Giuseppe Vita, Chairman |
| Industry |
Consumer Goods |
| Products |
Textile - Apparel clothing |
| Revenue |
▲ € 1.632 billion (2007) |
| Employees |
9,700 (2008) |
| Parent |
Valentino Fashion Group |
| Website |
www.boss.com |
Hugo Boss AG is a fashion house based in Metzingen, Germany, that specializes in high-end menswear apparel. It is named after its founder, Hugo Ferdinand Boss (1885–1948).
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Contents
- 1 History
- 2 Today
- 3 Involvement in World War II
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History
Hugo Boss started
his clothing company in 1923 in Metzingen, where it is still based, a
small town south of Stuttgart, Germany. However, due to the economic
climate in Germany at the time Boss was forced into bankruptcy in 1930.
Undeterred, Hugo set up a new business and in 1931 became a member of
the Nazi party. With the rise of Adolf Hitler in 1933, Boss's business
also began to prosper as he became the official supplier of uniforms to
the SA and SS guards.
With the defeat of
Germany in 1945, Boss was charged with being sympathetic to the Nazi
cause and was denied the right to vote in Germany and ordered to pay a
fine. He died in 1948 but his business survived and in 1953, with the
demand for SS uniforms gone, the business turned its hand to making
suits. The timing was perfect, as the male fashion industry was just
establishing itself and through the 60's and 70's Boss suits became the
benchmark for quality, fashionable menswear.
In 1985 the
company was floated on the stock exchange and the majority shareholder
is now the Marzotto textile group. In 1993, exactly 70 years after it
was founded, Hugo Boss launched its first perfume, thus creating a division of the company that has steadily grown to be an important area of business for the company.
Today
In 1987, Boss
Orange for men was launched described as sporty and casual separating
itself from the trendy Hugo brand and the sophisticated Boss Black
brand. Boss Green is a completely sporty brand selling items designed
for a sporty look.
The company's
products, divided over three brands, are available throughout the world
in 103 countries and more than 5,002 retail stores. These brands are Boss, Hugo, and since 2004, Baldessarini (named after former Hugo Boss chairman Werner Baldessarini). The latter, Baldessarini GmbH,
is a more independent business unit which focuses on a more prestigious
image than its two sister brands. It sells, like the other Hugo Boss
brands, clothing, shoes, fragrances and accessories but will leave Hugo
Boss after the Spring/Summer 2007 collection has been sent to
boutiques. This is due to the newly launched premium Boss line, Boss
Black Selection, outselling Baldessarini.
Baldessarini fashion recently sold for up to €9m
(Aug 2006) to Ahlers AG - a fashion brand holding company. Werner
Baldessarini will continue to design the collections; he will also be
in charge of marketing.
Today's sub-brands
for men include: Boss Black/Boss Black Selection, Boss Green, Boss
Orange, Hugo, and Baldessarini. For women: Boss Black, Boss Orange
(announced in July 2005 for Spring/Summer 2006 launch) and Hugo. Also
part of the brand are Lifestyle Accessories.
All fragrance brands (Hugo, Boss and Baldessarini) are owned by Procter & Gamble.
Moss Bros Group hold the exclusive UK licence for the Hugo Boss brand.
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