PROJECT

Projects

Summary of Investment Information

Project Number

48289

Company Name

HUGO BOSS AG

Date SPI Disclosed

Oct 26, 2023

Country

World Region

Region

Global

Projected Board Date

Nov 27, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 28, 2023

Department

Global Trade & Supply Chain

Industry

Manufacturing

Previous Events

Approved : Sep 21, 2010
Signed : Oct 4, 2023
Invested : Dec 13, 2023

Sector

Garment and Apparel (Without Fabric , Excluding Footwear)

Project Description

This project is proposed under IFC’s Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Original Project #28723) and an additional increase approved on December 15, 2022.  Under GTSF, IFC provides short-term financing to suppliers, (“Suppliers”), in emerging markets selling to large companies, (“Buyers”), on open account terms. Under this project, IFC will provide financing to Hugo Boss AG (“Hugo Boss” or “the Company”) for Suppliers based in Vietnam, Bangladesh and other emerging market countries.                                                   

Sponsor / Cost / Location

E&S Category Rationale / Risks and Mitigation