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Business

Esprit’s net loss widens, revenues drop by 16 percent

Hong Kong-based fashion retailer Esprit Holdings posted an annual net loss of 2.3 billion Hong Kong dollars. Revenue for the year to December 31, 2023, declined by 16 percent to 5.9 billion Hong Kong dollars. Esprit said in a statement that the group’s performance was severely impacted by the unrelenting poor macroeconomic environment in Europe,...

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