Hugo Boss AG is rerouting products made in China to non-US markets, in another sign of how President Donald Trump’s tariff war is reshuffling global trade.
Chinese-made apparel currently accounts for about 4% of Hugo Boss’s US volume. With those goods going elsewhere, the retailer is sourcing more products for the US market from countries such as Peru and Turkey, which are relatively less affected by tariffs, according to Chief Executive Officer Daniel Grieder.
The German fashion house is also stockpiling in the US to mitigate the effect of tariffs.
“We are trying to be open-minded and flexible to act in any direction,” Grieder said on an analyst call after Hugo Boss posted better- than-expected first-quarter earnings and confirmed its full-year outlook.
Shares of Hugo Boss rose as much as 10% on Tuesday before paring back some of the gains. The stock is still down about 15% since the start of the year.
Grieder, who has repositioned Hugo Boss for a younger audience, is aiming to address weak consumer spending since last year with efficiency gains and a David Beckham-led campaign to drive sales growth.
The US represents about 15% of Hugo Boss’s annual sales and became the brand’s single biggest market in 2023. Consumer sentiment has “really softened” in the US since the start of the year, however, as recession fears and Trump’s policies weigh on shoppers, said Grieder, who is currently in the country on business.
“The situation here in the States is very pressured,” Grieder said. “When you go into outlet centers, what is really a big concern is that the traffic went down something like 20% to 30%,” in the first few months of this year.
He said the company has yet to decide whether it will have to raise the prices of suits and shirts in the US as part of its tariff strategy.
“We are not just going in and just putting a price increase on the table,” he said as Hugo Boss will balance higher costs against the need to sustain customer loyalty.
“I think we have to do it in a smart way,” he said.
Major news from beauty and health retailer Superdrug — the company has expanded its marketplace and 60 fashion brands are now selling on the site.
Superdrug
The curated selection of fashion brands includes popular names like Wrangler, Blue Vanilla and Nike to offer Superdrug customers “an enhanced online shopping experience where they can now shop a diverse range of products across beauty, health and now fashion”.
The company said the labels were “handpicked due to their popularity [and] will tap into high-demand categories such as stylish plus-size options and clothing for all”. It specifically chose brands like Pink Vanilla, Regatta, and Jack and Jones to ensure “that every customer finds something that fits their style and needs”.
Its commercial chief Simon Comins said the fashion brands “perfectly complement our existing ranges” and the move will “not only strengthen our position as a go-to destination for a wide range of personal care and lifestyle products but also present a new opportunity to connect with a large and highly engaged customer base that already loves these brands, unlocking new potential for online growth”.
The expansion matches the acceleration of Superdrug’s continued focus on its O+O (Online + Offline) strategy, “which aims to better serve customer need, by providing the best shopping experience across any channel, anytime, anywhere”.
Dick’s Sporting Goods has confirmed its $2.4 billion (€2.14 billion) acquisition of global sneaker retailer Foot Locker, validating earlier reports from the American press. The deal, priced at $24 per share, includes roughly 2,400 stores operating in nearly 20 countries.
Interior view of a Foot Locker store in Paris. – Foot Locker
Foot Locker shareholders will be able to choose between a cash payout or shares in Dick’s Sporting Goods. The transaction values the company at 6.1 times its EBITDA.
Dick’s Sporting Goods confirmed it plans to retain all of Foot Locker’s brand banners, including Foot Locker, Kids Foot Locker, Champs Sports, WSS, and atmos. Combined, these brands generated $8 billion in revenue during the last fiscal year.
Based in Pittsburgh and founded in 1948, Dick’s Sporting Goods reported $13.4 billion in revenue last year. The group currently operates more than 850 stores across the U.S. under several banners: Dick’s Sporting Goods, Golf Galaxy, Public Lands, and Going, Going, Gone!. It also manages e-commerce channels and the Dick’s mobile app.
In addition to its core retail network, the company operates experiential concepts like Dick’s House of Sport, Golf Galaxy Performance Center, and GameChanger — a digital platform offering live streaming, scheduling, and team management for youth sports.
“We’ve long admired the cultural relevance and value of the Foot Locker brand and its dedicated team of Stripers,” said Ed Stack, executive chairman of Dick’s, referring to the retailer’s recognizable store associates.
“We believe there’s significant growth potential ahead. By applying our operational expertise to this iconic business, we see a clear path to unlocking further growth and strengthening Foot Locker’s position in the market. Together, we will leverage the complementary strengths of both organizations to better serve the broad and evolving needs of global sports consumers.”
The acquisition marks Dick’s first major push beyond the U.S., presenting new opportunities as well as strategic challenges. The company expects to realize synergies between $100 million and $125 million.
“We look forward to welcoming Foot Locker’s talented team and leveraging their expertise and passion for the business, which we intend to honor and amplify together,” said Lauren Hobart, president and CEO of Dick’s. “Sports and sports culture remain incredibly powerful, and with this acquisition, we’re creating a new global platform that will meet these needs through iconic concepts consumers know and love, enhanced stores and omnichannel experiences, and product assortments that resonate across diverse customer bases.”
The transaction remains subject to standard regulatory approvals, including antitrust review, and is expected to close in the second half of 2025.
Vuitton has reopened its summer restaurant in Saint-Tropez, underlining the luxury label’s increasing investment in culinary experiences.
Vuitton’s summer restaurant returns to Saint-Tropez, blending luxury and leisure. – Courtesy of Louis Vuitton
Located at the plush White 1921 Hotel near the House’s historical store, the restaurant reopens today with an updated menu served on the latest colorful Louis Vuitton tableware collection.
Last year, Vuitton’s Saint-Tropez restaurant was awarded a Michelin star, thanks to its updated Mediterranean fare—from marbled tomatoes and ravioli filled with girolles to roasted fowl with a fine velouté or brill meunière prepared with seaweed and citrus.
The reopening also marks this summer’s return of hyper-mediatic chefs Arnaud Donckele and Maxime Frédéric to Vuitton in Saint-Tropez. Donckele and Frédéric first connected with Vuitton’s parent company, LVMH, at the conglomerate’s five-star hotel in the French capital, Cheval Blanc Paris—most notably at Plénitude, the hotel’s three-star restaurant.
Vuitton’s summer menu blends French flair with global finesse. – Courtesy of Louis Vuitton
In Saint-Tropez, Vuitton’s restaurant is situated on the famed Place des Lices, site of the resort port’s renowned Provençal market each Tuesday and Saturday.
Beyond Saint-Tropez, Donckele and Frédéric play leading roles in developing the Louis Vuitton Culinary Community, mentoring emerging local talents around the world who, as Members, contribute to the Louis Vuitton luxury snacking vision.
Vuitton now boasts eateries in Milan, Tokyo, Osaka and Bangkok, each overseen by chefs within the Culinary Community. Vuitton cafés have also sprung up in Paris, New York, Bangkok, Japan, Chengdu and soon in Shanghai and Seoul. In effect, the Saint-Tropez restaurant is designed to trumpet Vuitton’s longer-term vision of extending the House’s concept of excellence and savoir-faire to hospitality around the world.
“We are dedicated to bringing customers a relaxed Louis Vuitton culinary experience—whether in Saint-Tropez or any other destination around the world,” said Donckele.
Chefs Maxime Blanc, Maxime Frédéric and Arnaud Donckele lead Vuitton’s culinary vision. – Courtesy of Louis Vuitton
Added Frédéric, “The Culinary Community allows us to align the Louis Vuitton hospitality offering while still encouraging the chefs to flourish according to their own skills and creativity.”
The Saint-Tropez space blends a bright floral pattern similar to a motif seen in LV’s 2025 Women’s Resort collection, designed in a geometric pattern that reinterprets the Monogram Flowers and made in extra-white Limoges porcelain. The ambiance is enhanced with reinterpreted Objets Nomades pieces such as the Mini Bell Lamps designed by Barber & Osgerby and Zanellato/Bortotto’s lamps enclosed within interwoven leather.
Mixing seasonal and regionally sourced ingredients, the menu merges Mediterranean, French and global cuisines—from Wagyu beef in an aromatic bouillon to grilled bluetail lobster with a shiso-infused sauce to sole amidst locally grown herbs and flowers.