German fashion brand Hugo Boss has surpassed its Q1 FY25 projections and reaffirmed its 2025 forecast despite ongoing macroeconomic challenges affecting consumer confidence.

The German menswear specialist blamed muted demand in China and the U.S., as well as ongoing macroeconomic uncertainty.

German fashion group Hugo Boss reported better-than-expected quarterly results on Tuesday and maintained its full-year forecast despite increased macroeconomic uncertainties.