Hugo Boss expects record sales

Luxury fashion house Hugo Boss has predicted record sales of €1.3 billion (£889 million) for the year. Chief executive Bruno Saelzer told local media that the company is looking to make acquisitions in the future.

He said that the purchase of another brand would be feasible for the company, considering it current brand, distribution, business development and production positioning. Furthermore, Saelzer said that for the first time in history Hugo Boss's sale of men's suits was close to matching those of rival Armani.