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- 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.
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.