Fashion
New hopes for Esprit as hedge fund increase stake
Troubled Esprit Holdings, allegedly to have ‘lost its soul’, rose to a three-week high in trading in the city after hedge fund Lone Pine Capital LLC increased its stake to become the second-biggest shareholder. The largest Hong Kong-listed clothing retailer climbed 12 percent to HK$11 at the 4 p.m. close in Hong Kong trading, the stock’s highest...
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