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Hong Kong-listed apparel retailer Esprit has placed six German subsidiary companies in administration to give them protection during the coronavirus crisis, which has decimated sales. The move was finalized at the end of last week while the company’s shares…
Fast-fashion retailer Esprit says foot traffic into its stores worldwide have evaporated in the wake of the coronavirus pandemic and warned shareholders to expect a “considerable loss”. Public health initiatives enacted in many countries across the world…
Fast-fashion retailer Esprit says foot traffic into its stores worldwide have evaporated in the wake of the coronavirus pandemic and warned shareholders to expect a “considerable loss”. Public health initiatives enacted in many countries across the world…
Embattled fashion label Esprit posted another loss in the December half-year, as sales plunged by HK$1 billion – largely due to a major store cull in Asia. Esprit recorded a loss of HK$331 million (US$42.46 million) for the period, compared with a $1.773…
A key executive hired as part of fashion label Esprit’s turnaround plan has quit unexpectedly after just one year in the role. The company revealed in a stock-exchange announcement that chief product and brand officer Mia Ouakim has stepped down from her role…
Hong Kong-headquartered fashion brand Esprit has signed with Kids Fashion Group (KFG) to manage the firm’s design, production, and distribution of the Esprit Kids collection. The new contract follows the end of a five-year agreement with French childrenswear…
Embattled fashion retailer Esprit believes its first-quarter results prove its restructuring program is on track. The Hong Kong-listed company recorded a year-on-year global sales decline of 10.8 percent in local currency terms. But in a stock-exchange…
More writedowns and restructuring costs have seen fashion retailer Esprit post another full-year loss, but the company is adamant its recovery plan is beginning to show results. With fewer stores, sales were down in all of its markets, but executive chairman…
Fashion label Esprit has unveiled a new concept store in Beijing as it continues its long journey of reinvention. “Our new store in Beijing is a showcase for the Esprit brand,” said Esprit Group CEO Anders Kristiansen. “With surprising and functional design…
Hong Kong-headquartered fashion brand Esprit has signed a deal with German shoe retailer Deichmann to jointly develop a footwear range. The range will be positioned as offering value for money with designs evolving to reflect fast-changing market trends. It…
Esprit’s restructure is beginning to pay off, the company says, despite another quarterly same-store-sales decline. For the three months to March 31, Esprit sales were HK$3.156 billion (US$402.3 million), down 11.6 per cent in local currency on the same…
Fashion retailer Esprit shuttered 91 stores in the six months to December and recorded a loss of HK$1.773 billion (US$225.876 million). While the loss is massive, it is within the estimates Esprit provided at an investor presentation last November when it…
Two new Esprit stores opened in Europe this month give an insight into the new direction of the embattled brand as it rebuilds. In the historic centre of Liege in Belgium a new 400sqm boutique stocks only womenswear. According to an understated news release…
Struggling fashion retailer Esprit has tapped a former Burberry and Tommy Hilfiger executive to become its chief product and brand officer. Mia Ouakim will take up the new role – a crucial post in the brand’s turnaround plan – in February, reporting to the…
Esprit plans to axe 40 per cent of its non-store workforce as part of a radical restructure repositioning the brand for future growth. The embattled Hong Kong-listed fashion retailer is set to incur up to US$217 million in one-off charges as it shutters…
Esprit sales slumped further in the first quarter as the embattled fashion brand’s store network continued to shrink. In a stock exchange filing on Friday, Esprit said group revenue for the quarter to September 30 slumped 16.2 per cent year on year in local…
