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Creditors have issued a statutory demand giving the apparel brand manager three weeks to pay US$4 million or face a winding-up petition in Hong Kong.
Revenue dropped to HK$14.9 million in the six months to June as the Hong Kong-listed group absorbed Canadian insolvency costs and new European legal claims.
In line with expectations, a first-quarter decline of 11.8 per cent in sales has been recorded by clothing, footwear, accessories, jewellery and housewares manufacturer Esprit Holdings. It says the results for the quarter ended September 30 were as expected…
Reporting “flat” revenue for its third quarter, Hong Kong-listed clothing retailer Esprit Holdings points the finger at negative growth in its Asia Pacific stores, as well as weakness in its wholesale channel. There was a marginal decline of 0.1 per cent in…
Largely in line with expectations, Esprit sales were flat, the fashion brand says in its interim report for the six months to December 31. While its overall turnover was down 0.4 per cent overall, retail turnover grew 6 per cent while wholesale turnover fell…
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