Inditex SA has become the global leader of fast fashion by getting clothing inspired by the runway to its racks in a matter of weeks. Esprit Holdings Ltd., apparently deciding the best way out of a slump was to emulate that strategy, yesterday snagged a key Inditex executive.
Esprit Holdings Ltd., the biggest Hong Kong-listed clothing retailer, slumped the most in two years on the city’s stock exchange after saying it expects profit to drop on unspecified store-restructuring costs.
Esprit Holdings Ltd., the Hong Kong-listed clothing retailer that makes most of its sales in Europe, is hiring a manager for China as it plans to more than double sales in the world’s most-populous nation in four years.
Esprit Holdings Ltd. , the Hong Kong- based clothing retailer that derives 83 percent of its sales from Europe, plans to expand its operations to 400 Chinese cities as revenue from the continent declines.