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ESPRIT news and archive

Esprit navigates tough 2022, gears up for brand relaunch

Esprit Holdings Limited reported total sales of 7,063 million Hong Kong dollars and a gross profit margin of 40.7 percent for 2022 fiscal year, down 15 percent and 7.9 percent, respectively. The company faced the challenging fiscal year as it prepares for the official brand relaunch in mid-2023. Commenting on the trading performance, Pak William...

31 Mar 2023

BusinessFeatured

Esprit slips back into red

The clothing manufacturer Esprit is making losses again. The reason for this is falling sales due to restrained consumer sentiment in the main market, Europe. The loss in fiscal 2022 could total as much as 700 million Hong Kong dollars (73.87 million pounds), Esprit Limited Holdings said in a profit warning on Friday. According to the...

13 Mar 2023

Business

Esprit to open headquarters in New York

Esprit is set to cement its place in the US with the opening of a new global creative headquarters in New York City. The brand announced that it had signed a lease with Hudson Square Properties for a 38,000 square foot, two storey space, which will house its design, branding, creative and marketing efforts. While the operational headquarters of...

13 Feb 2023

People

Esprit names new global chief brand officer

Contemporary fashion brand Esprit has named former Banana Republic executive Ana Andjelic as its global chief brand officer, based out of the brand’s creative and design hub in New York. Andjelic was most recently chief brand officer at Banana Republic, where she led its rebranding venture, overseeing the marketing, creative, and product design...

1 Nov 2022

BusinessFeatured

Esprit launches innovation hubs in London and New York

Contemporary fashion brand Esprit is continuing to drive forward innovation in technology, creativity, and customer service with the launch of two new global ‘Futura’ innovation hubs in London and New York, adding to its existing location in Amsterdam. The move is part of the group-wide digital strategy to reinvent customer engagement...

23 Sept 2022

Business

Esprit issues warning on sales, profit

Fashion retailer Esprit, which has undergone a major transformation in recent years, has warned of a drop in profit and sales in the first half of the year. The company said it expects a 6 percent year-on-year drop in first-half revenue to approximately 3.63 billion Hong Kong dollars (465 million euros), which it said was “primarily due to the...

25 Aug 2022

Fashion

Esprit unveils new brand mascot

Esprit has introduced a new brand mascot, ‘Joy the Dolphin’ as it continues its international comeback. In a statement, Esprit said that the new mascot personifies the brand’s “essence in celebrating life, love, and togetherness,” and that it chose a dolphin as they are “playful, charming, and intuitive, and are often associated with love,...

11 Jul 2022

BusinessFeatured

Esprit to launch business hubs focused on global expansion and customer engagement

California lifestyle brand Esprit has revealed a new initiative designed to reinvent customer engagement experiences through data analytics. Consisting of a network of hubs for business innovation and technology, Esprit Futura comes as part of the retailer’s digital strategy and looks to utilise data to drive its global expansion. The hubs will...

13 May 2022

Fashion

Esprit collaborates with Korean brand Rest & Recreation

Esprit is signifying its return to Asia with a collaboration with Korean contemporary label Rest & Recreation from designer Kim Ji-eun, best known for her Gangnam-based fashion brand Fleamadonna. The collaboration, which Esprit states will kickstart its global expansion and comeback, is the brand’s first designed in Korea collection and...

27 Apr 2022

People

Esprit names SVP head of whole and brand merchandising in Europe

Esprit has promoted Raphael Heinold to senior vice president, head of wholesale and brand merchandising in Europe from head of product EU. In his new role, Heinold will be responsible for the European wholesale function and the newly merged brand merchandising function comprising of product management, omnichannel management and label...

22 Apr 2022

BusinessFeatured

Esprit swings to first annual profit since 2017

Fashion retailer Esprit has reported its first full-year profit in five years under its new management. In the 12 months to 31 December, the company swung to a net profit of 381 million Hong Kong dollars (43.7 million euros), the first time it has made an annual profit since 2017. The company’s return to the black came as it reported an increase...

30 Mar 2022

BusinessFeatured

Esprit names new leadership team to enable international comeback

Fashion brand Esprit has announced a new senior leadership team, including chief executive, chief financial officer, chief product officer and chief digital and marketing officer to “shake up brand” for an international comeback. Esprit has confirmed William Pak as chief executive officer. Described by the brand as a “seasoned business leader,”...

14 Mar 2022