Esprit Holdings saw a three-fold rise in full-year profit on the back of slimmer operating costs, despite an overall dip in revenues for the twelve months.…
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Slumping sales, store closures hit Australian Esprit
Slumping sales and store closures led to a small loss for the Australian arm of international fashion retailer Esprit, as its parent company’s shares come under attack from short sellers.
Esprit…
Esprit looks to China as it swings to H1 profit amid turnaround
Esprit Holdings Ltd swung to its first profit in a year thanks to a turnaround plan that its chief executive said on Friday would also seek to stem losses in China.
The clothing retailer has struggled…
Esprit CEO continues to revamp in Zara’s image
Esprit Holdings’ chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of Z…
Esprit chief vows to cut costs after USD566m loss
Esprit chief executive Jose Manuel Martinez said the clothing brand, which reported a loss of HKD4.39 billion (USD566 million) on Tuesday for the year to June, would revitalise its supply-chain busine…
Retailer Esprit seeks speed to return to fashion
Fast fashion, even faster. That’s the next target Esprit Holdings’ CEO Jose Manuel Martínez Gutiérrez is aiming for as the Zara-brand veteran steers the Hong Kong-based cloth…
Fashion chain Esprit heading for ‘substantial’ yearly loss
Fashion retailer Esprit has warned it will make a substantial loss for the year to June, after larger-than-expected operating losses and the need to make HKD2.76 billion (USD355 million) of provisions…
Esprit announces plans to raise USD677 M in new share issue
Clothing retailer Esprit plans to raise up to USD677 million in a new share sale to rebuild its brand as part of a multibillion-dollar four-year transformation drive, a report said Tuesday.
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Esprit profit misses forecasts, to restructure retail business
Esprit Holdings posted second-half profit that missed analyst forecasts and said a slowing Chinese economy and lingering euro zone problems continue to pose risks to its business, briefly sending its …
Video interview: Why is Prada thriving in China market while Esprit not?
Francis Lun, Managing Director at Lyncean Holdings says that Prada is thriving on the China market while Esprit is failing at it. He explains why.
To watch the interview, visit CNBC.
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