Hugo Boss rides the luxury goods boom

Luxury goods continue to buck downward economic trends, proving a valuable defensive investment while other sectors are weak.

12th May, 2012
Hugo Boss's revenues topped €2.06 billion last year.

Luxury goods continue to buck downward economic trends, proving a valuable defensive investment while other sectors are weak.

Bloomberg's European luxury goods index, which includes the Louis Vuitton Moet Hennessy and the Swatch group, has outperformed the market by 6 per cent this year and has risen some 357 per cent since November 2008, thanks in part to strong Asian demand. Asian tourists account for up to 60 per cent of luxury sales in Europe.

German fashion house Hugo...

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