Topic
70 stories in this topic
Esprit, a popular fashion brand listed in Hong Kong, has made a comeback in the city by opening a flagship store in Causeway Bay. This comes after the brand’s departure from its headquarters in 2020. New Beginnings in Causeway Bay Since November 1, Esprit’s…
Esprit has announced London and New York as two new locations for its Futura innovation hubs. Futura is part of its digital strategy to “reinvent customer engagement experiences by turning data into insights, fuelling the brand’s global expansion matched to…
The Hong Kong-listed fashion retailer says it estimates its profit attributable to shareholders for the year to Dec. 31 to reach approximately $47 million. This would mark the company’s first full-year net profit since 2017. Esprit has changed its financial…
After flagging an expected return to profitability for the full year earlier this month, Esprit on Wednesday announced its final results and said that revenues rose to HK$8.3 billion (€953m/£808m/US$1bn) in 2021. It didn’t give a comparable revenue figure but…
Esprit CEO, president, and executive director Mark Daley has exited the company after less than a year at its helm due to personal family matters. “Mr Daley has confirmed that he has no disagreement with the board and there are no matters in relation to his…
Hong Kong-listed apparel brand Esprit has appointed an experienced lawyer as its new COO to help continue to drive the brand’s renaissance. After four years of rolling losses exceeding US$1 billion, Esprit issued a shock profit warning last month projecting…
Apparel retailer Esprit says it is on track to record its first profitable half year since the second part of 2017. In a positive profit alert filed with the Hong Kong stock exchange the embattled retailer – which lost US$463 million in the six months to June…
As the world faces this pandemic in unified isolation, we at Fashion Revolution are focusing on how the unfolding situation is affecting the people who make our clothes. Retailers are shutting their doors around the world, encouraging their customers to shop…
Esprit has unveiled a new management team in its latest attempt to resuscitate the brand, with Mark David Daley now installed as chief executive officer. Daley, 56, is described by Esprit as a 30-year retail industry veteran and was most recently the ceo at…
Esprit Group has announced that its CEO Anders Kristiansen and chief financial officer (CFO) Johannes Schmidt-Schultes are both exiting the company next year. Kristiansen, who was formerly managing director of New Look, has been at the helm of Esprit since…
Esprit has been facing difficult times much before the pandemic started owing to enfeebled sales and has now warned shareholders that it will be posting a loss of US $ 503.2 million in its annual report slated to release late next month. The European entities…
Enfeebled clothing retailer Esprit has just advised shareholders it expects to post a loss of US$503.2 million when it releases its annual results late next month. With its European subsidiaries operating under a form of statutory administration and its…
Hong Kong-listed apparel retailer Esprit is facing a boardroom stoush seeking the immediate removal of CEO Anders Christian Kristiansen who is leading a restructuring of the long-ailing business. Trading in Esprit shares was suspended yesterday and this…
Apparel chain Esprit will axe 1200 employees globally, including 100 in its Hong Kong office and 800 store employees in Germany as part of its ongoing restructuring program. A permanent reduction in salaries and benefits will be imposed on all remaining…
Crippled apparel group Esprit is to close all its stores in Asia, except those in Mainland China, by the end of June. The decision follows an appalling slump in sales during the last nine months, which worsened during the March quarter when the Covid-19…
Fashion label Esprit has opened its first Esprit Bodywear concept store in an exclusive partnership with Dutch group Van Keulen Retail. Located in downtown Hilversum in the Netherlands, the new 140sqm store showcases the brand’s lingerie, swimwear,…
