Hugo Boss CFO says seals China venture -paper
FRANKFURT, July 24 |
FRANKFURT, July 24 (Reuters) - Hugo Boss (BOSG_p.DE) (BOSG_p.DE) has sealed a deal on a joint venture to be launched in the second half of this year that could help make China its third largest market, its chief financial officer was quoted as saying.
The joint venture with Chinese partner Rainbow will be 60 percent controlled by Hugo Boss, CFO Mark Langer told Germany's Boersenzeitung.
Langer also confirmed Hugo Boss is on track to reach its 2010 target of a single digit percentage rise in revenues.
(Reporting by Edward Taylor; editing by Patrick Graham)
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