In fiscal year 2025, HUGO BOSS invested EUR 195 million in property, plant, and equipment, and intangible assets, representing a decrease of 32% as compared to the prior year (2024: EUR 286 million). This development reflects the Company’s increased focus on CapEx efficiency, following several years of elevated investments, while still supporting the Group’s strategic priorities. In 2025, we continued to invest in our global store network, the further digitalization of our business model, and the expansion of our logistics capacities and headquarters.
Capital expenditure
(in %)
HUGO BOSS is committed to delivering a premium shopping experience and a best-in-class omnichannel journey to consumers worldwide, with our own retail business remaining a key pillar of this ambition. Consequently, also in 2025 we put strong emphasis on the targeted optimization and modernization of our global store network, including the implementation of innovative store concepts. As the majority of our freestanding BOSS and HUGO stores have already been comprehensively refreshed in recent years, investments increasingly reflect a disciplined and selective approach, with a clear focus on prime retail destinations. As a result, capital expenditure in own retail amounted to EUR 67 million in fiscal year 2025, significantly below the prior-year level (2024: EUR 129 million). As part of this, investments in the continuous optimization and modernization of existing locations totaled EUR 46 million (2024: EUR 82 million), while EUR 22 million related to the selective opening of new retail points of sale (2024: EUR 47 million), including new BOSS stores in Barcelona, Bangkok, and Macao. Consumer Touchpoints
Capital expenditure on administration amounted to EUR 101 million in the past fiscal year (2024: EUR 117 million). This includes investments of EUR 59 million in our global IT infrastructure (2024: EUR 62 million), primarily supporting the further digitalization of our business model, including the Company-wide rollout of our next-generation ERP system as part of a multiyear project. At the same time, EUR 42 million was allocated to capital expenditure on buildings (2024: EUR 54 million), including investments into the further expansion of our headquarters in Metzingen (Germany) and our central distribution center for flat-packed goods in Filderstadt (Germany). Other capital expenditure on production, distribution, and research and development amounted to EUR 27 million in 2025 and was thus also below the prior-year level (2024: EUR 40 million). Group Strategy, Operational Excellence Business Operations
Accumulated depreciation and amortization on property, plant, and equipment, and intangible assets, including own capitalized cost, totaled EUR 1,349 million in fiscal year 2025 (2024: EUR 1,321 million). Existing obligations from investment projects amounted to EUR 5 million as of December 31, 2025 (December 31, 2024: EUR 18 million). Notes to the Consolidated Financial Statements, Note 8