The Group is managed by HUGO BOSS AG; based in Metzingen, Germany, as the parent company where all of the central management functions are bundled. As a German stock corporation (Aktiengesellschaft), HUGO BOSS AG has a dual management and control structure. The Managing Board is responsible for managing the Group, while the Supervisory Board advises the Managing Board and oversees its management of the Company.
Responsibility for the central functions is divided between the different > Managing Board areas. In particular, the Managing Board holds responsibility for the Group strategy. The management and collection development for all brands are also based at the Group headquarters. Further responsibilities based at the Group headquarters include retail management, sourcing, logistics and IT, human resources management, financial management including corporate financing, and risk management. Besides internal communication, HUGO BOSS AG is also especially responsible for external communication, including maintaining relations with the capital markets.
The HUGO BOSS Group has given itself a regionally oriented structure and combined its local business operations into three regional organizations: Europe including the Middle East and Africa, Americas, and the Asia/Pacific region. These three regions as well as the royalties business make up the four operative segments of the Group. In the three regional organizations, the Group strategy is implemented in the respective market environment in close coordination with the Managing Board and under the leadership of the relevant regional director. Working together with the country managers within their region, the directors are responsible in particular for the regional design of the wholesale and retail sales strategy and for the development of sales and earnings.
In addition to HUGO BOSS AG, the Group consists of 54 consolidated subsidiaries, which run local business operations. 34 subsidiaries are organized as distribution companies. With few exceptions, all subsidiaries are fully controlled by HUGO BOSS AG. All subsidiaries are run as independent profit centers and thus bear the responsibility for profits.
Today, HUGO BOSS customers can buy products at approximately 7,100 points of sale. Some 6,100 are operated by wholesale partners, that is department stores and, often, family-run specialist stores as well as franchise partners. The Group’s own retail business includes freestanding stores in prime retail locations, shop-in-shops operated by the Group in multi-brand environments and factory outlets. The number of points of sale owned by the Group saw a net increase of 170 to 1,010 in the past year.
The Company’s own production sites are in Izmir (Turkey), the most important production site of HUGO BOSS, Radom (Poland), Morrovalle (Italy), Cleveland (USA) and Metzingen (Germany).