Doug Tompkins News
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Esprit Holdings Ltd. jumped in Hong Kong trading after former chairman Michael Ying doubled his stake, fueling speculation the billionaire will help turn around the retailer battling a sales slump.
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Esprit Holdings Ltd. plans to raise as much as HK$5.2 billion ($671 million) in a rights offer to fund efforts to revive its brand after reporting a first-quarter sales decline.
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Esprit Holdings Ltd. welcomed its newest chief executive with a two-day stock decline and an analyst downgrade as the apparel retailer’s earnings missed estimates for the fifth straight year.
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As Esprit Holdings Ltd.’s chief executive officer and chairman quit within 24 hours of each other, investors’ biggest question was: Who’s in charge?
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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.
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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.
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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.
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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.
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Esprit Holdings Ltd., the biggest Hong Kong-listed clothier, is exploring the sale of its U.S. and Canadian operations, according to three people familiar with the matter.
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Esprit Holdings Ltd. , Asia’s third- biggest clothier by market value, posted a 21 percent drop in profit , missing analyst estimates, as sales declined in Europe.
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