Hugo Boss rises on implementation of cost saving measures
** Shares in Hugo Boss BOSSn.DE rise 4% as the German fashion house says it is focusing on cost saving measures after confirming a 42% drop in Q2 EBIT
** "We have also taken additional measures to enhance efficiency and effectiveness across our business, capitalizing on our robust organizational platform built in recent years," it says in a statement
** "So far, so good, but we think the market will be waiting for tangible signs of improvement in H2 now (sales growth reaccelerating, cost measures proving effective)," Deutsche Bank writes
** Hugo Boss is among the top performers on Germany's mid-cap index .MDAXI
Reporting by Tristan Veyet and Ozan Ergenay
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