German fashion house Hugo Boss is expanding production capacity closer to its base in Europe to reduce its dependence on Southeast Asia at a time when global supply chains are under severe pressure, the Financial Times reported.
Chief executive Daniel Grieder, who is aiming to double sales to 4 billion euros a year by 2025, said disruptions were creating “unbelievable challenges” for the clothier and its rivals, with supply shortages, delays and higher shipping costs.
Read the full report: Financial Times
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