German fashion group Hugo Boss has announced a 500 million euros ($538 million) commercial paper program to strengthen liquidity amid macroeconomic uncertainty. The short-term, unsecured debt instruments will be issued by Dutch subsidiary Hugo Boss International and fully guaranteed by the parent company. Proceeds will fund general corporate purposes and optimize financing costs while supporting growth objectives. The announcement follows a 2% YoY drop in first-quarter sales to 999 million euros ($1.08 billion) and a 9% decline in net profit to 37 million euros ($39.8 million).