Retail in Asia

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Esprit up despite profit slide

Fashion retailer Esprit Holdingssurged as much as 25 percent on Thursday, despite a plunge in earnings after the company said efforts to restore the brand had achieved initial success.

Esprit rose 25.04 percent, the biggest intraday gain in more than three years, to close at HKD17.78 (USD2.29) on Thursday.

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(Source: scmp.com)