Esprit news and archive

Esprit's Sustainability Strategy: Embracing the Circular Economy

Introduction to the Circular Economy Since its founding by environmentalists Susie and Doug Tompkins, Esprit has always been more than a fashion brand. With its headquarters in Hong Kong, Esprit is committed to redefining authentic and intelligent fashion through thoughtfully designed collections. Since 2018, the circular economy has been...

ManagementFeatured

Esprit swings to H1 loss as sales fall

Fashion retailer Esprit has posted a 17 percent drop in sales and swung to a loss in the first half of the year, but remained upbeat about its ongoing turnaround strategy. The Hong Kong-based company generated revenue of 3.03 billion Hong Kong dollars (around 356.6 million euros/385.5 million dollars) in the six months ended June 30, as it faced...

Business

How Pixyle.ai's AI-Powered Tagging Services are Enhancing Efficiency at Esprit

Fashion and how we shop online has rapidly changed over the last decade. As the competitive landscape intensifies, fashion retailers must grapple with the complexities of creating a frictionless wholesale e-commerce experience for buyers. Balancing user-friendly interfaces with real-time inventory management and personalised buyer journeys...

Business

In Pictures: This is what Esprit's relaunch looks like

Fashion brand Esprit is relaunching this coming September. Several years of preparation preceded the relaunch, but now the time has finally come. Earlier, Esprit CEO William Pak told FashionUnited exactly how the relaunch was coming together. Now, additional images of the first campaign of the 'new Esprit' have also been shared. Read the article...

Retail

Esprit to open stores across North America as part of repositioning

Californian label Esprit is preparing to roll out a series of permanent stores in North America and beyond as it continues to reposition the brand against the backdrop of its recent relaunch. In a conversation with FashionUnited, the company’s chief executive William Pak said that it would be unveiling new retail locations in Los Angeles and New...

Business |Interview Featured

How Esprit is gearing up for a major relaunch after years of brand degradation

Esprit is originally an American brand, but its heritage of 'California cool' has almost been lost over the years. After thoroughly reshaping the company over the past three years, the brand is going for a major relaunch this autumn. In the brand’s European office in Amsterdam, CEO William Pak spoke about the company's journey and what to expect...

Report

Esprit expects to report H1 loss and revenue decline

Based on the unaudited results for the six month period, Esprit Holdings Limited expects to record an unaudited loss of approximately 715 million Hong Kong dollars. The company had reported a profit of 13 million Hong Kong dollars for the same period of 2022. The company’s board considers that the significant loss is mainly attributable to the...

Report

Esprit issues fresh profit warning

Fashion retailer Esprit has issued another profit warning amid its ongoing transformation. The company said Monday it expects to post an unaudited loss attributable to the shareholders of approximately 604 million Hong Kong dollars (around 60 million pounds/70 million euros) for the five months ended May 31. That compares to a profit of...

Retail |In Pictures

Esprit opens pop-up in LA as part of US expansion plans

Fashion brand Esprit has opened a summer pop-up at The Grove in Los Angeles, following the brand’s reintroduction to North America with its long-term pop-up in New York. The LA pop-up, which will run throughout June, spans 2,360 square feet and has been designed to allow shoppers to “fully immerse themselves in Esprit’s playful, modern, and cool...

ManagementFeatured

Esprit navigates tough 2022, gears up for brand relaunch

Esprit Holdings Limited reported total sales of 7,063 million Hong Kong dollars and a gross profit margin of 40.7 percent for 2022 fiscal year, down 15 percent and 7.9 percent, respectively. The company faced the challenging fiscal year as it prepares for the official brand relaunch in mid-2023. Commenting on the trading performance, Pak William...

ManagementFeatured

Esprit slips back into red

The clothing manufacturer Esprit is making losses again. The reason for this is falling sales due to restrained consumer sentiment in the main market, Europe. The loss in fiscal 2022 could total as much as 700 million Hong Kong dollars (73.87 million pounds), Esprit Limited Holdings said in a profit warning on Friday. According to the...

Business

Esprit to open headquarters in New York

Esprit is set to cement its place in the US with the opening of a new global creative headquarters in New York City. The brand announced that it had signed a lease with Hudson Square Properties for a 38,000 square foot, two storey space, which will house its design, branding, creative and marketing efforts. While the operational headquarters of...