ESPRIT news and archive

Fashion giants sign UN charter to fight climate change. Will it work?

Can the biggest players in the fashion industry unite to stop global warming? The United Nations thinks so. During a conference in Katowice, Poland, UN Climate Change has announced the launch of the Fashion Industry Charter for Climate Action, a series of targets with the aim to reduce greenhouse gas emissions by 30 percent by 2030 and achieve...

Management |CEO INTERVIEW Featured

Esprit CEO: Our plan is “ambitious but it’s also realistic”

Struggling fashion retailer Esprit has unveiled an ambitious plan to counter years of revenue decline last week. But will it succeed in finding a new place on the market, after what the company itself defined as years of “brand inconsistency”? Chief Executive Officer Anders Kristiansen, who joined Esprit in June, sounded confident when...

Report

Mia Ouakim is Esprit’s new Chief Product and Brand Officer

Esprit has appointed Mia Ouakim to the role of Chief Product and Brand Officer, following the announcement of major changes to the company’s brand and product strategy earlier this week. Ouakim will oversee the product creation and design of all product divisions, as well as the consistent execution of the label’s new brand strategy. She will...

Video

Video: Esprit used to be an iconic brand....

Source: FashionUnited

BusinessFeatured

“We’ve lost touch with our audience”: Esprit announces major changes

Esprit wants to be an iconic brand again. While still the third favorite fashion retailer in its home country, Germany, where it registers an impressive 87 percent brand awareness, things don’t look so bright elsewhere and the company has been continuously reporting revenue decline. In a presentation for investors held in Hong Kong this Monday,...

Report

Esprit continues to report revenue decline in Q1

For the first quarter ended September 30, 2018, Esprit continued to report weakness in revenue as a result of declining customers’ traffic and extended warm summer temperature in Europe which impacted sales of our autumn merchandise. Esprit’s revenue amounted to 3,334 million Honk Kong dollars (425 million dollars), a decline of 16.2 percent in...

ManagementFeatured

Esprit posts 11 percent revenue decline in FY17/18

Esprit Holdings Limited in its annual financial results for the year ended June 30, 2018, said that revenue of the group amounted to 15,455 million Hong Kong dollars (1,970 million dollars) representing a decline of 11.1 percent in local currency. The company said, decline in Hong Kong dollar terms was 3.1 percent less due to the strengthening...

Business

Esprit and IndustriALL collaborate to improve workers’ rights

Multinational fashion brand Esprit and IndustriALL Global Union, the world's largest sectorial trade union organisation, announced the signing of a global framework agreement yesterday, which “commits to respecting, protecting and championing the human rights of workers in its supply chain”. It covers 525,000 workers at more than 1,100 suppliers...

News

Esprit and IndustriALL collaborate to improve workers’ rights

Report

Esprit expects to report a huge loss for FY17/18

The board of directors of Esprit Holdings Limited has issued a statement saying, based on its preliminary review of the unaudited consolidated management accounts of the group for the eleven months ended May 31, 2018, it expects to record a loss of around 2.17 billion Hong Kong dollars (276 million dollars) to 2.27 billion Hong Kong dollars (289...

Retail

Esprit’s Instagram posts are now shoppable

It is now possible to buy Esprit’s products directly through its Instagram account, the brand revealed this Tuesday. Pictures with tagged products will include a shopping bag icon that reveals the products’ description and pricing once a user taps on it. If interested, the user can tap on the icon again and be directed to a product page with...

Report

Rafael Pastor Espuch leaves his position as chief product officer at Esprit

Rafael Pastor Espuch is to step down from his job as chief product officer at Esprit, according to a statement issued by the company. He will exit his role on May 17. The appointment of a new CPO is still in progress and, in the meantime, Espuch’s tasks will be taken over by the head of women, head of men and head of license/product. Each one of...