Esprit stops designing and producing clothing, switches to licensing model

The restructuring at Esprit Holdings Limited continues. Now that the biggest steps in Europe have been taken by exiting unprofitable activities, the company is looking at further opportunities. Esprit Holdings Limited is aware that the brand equity of Esprit is the most valuable asset of the company and is therefore transforming into an intellectual property management company, it is announced in a press release. Two subsidiaries are also being 'voluntarily' liquidated: Esprit Regional Distribution Limited (HKRP) and Esprit Retail (Hong Kong) Limited (HKER).