• Wed
  • Aug 27, 2014
  • Updated: 4:53pm

What the Broker said...

PUBLISHED : Sunday, 12 August, 2001, 12:00am
UPDATED : Sunday, 12 August, 2001, 12:00am

Investment holding company Esprit designs, licenses, manufactures, wholesales and retails high-quality fashion products. The company also has a line of cosmetics, skin-care and body-care products.


Esprit derives just under 60 per cent of its revenue from sales in Germany, with the rest coming from Hong Kong, Belgium, the Netherlands, Australia, New Zealand, Taiwan and several other countries in mainland Europe and Asia.


Last year, a Pacific Challenge report said that the delay in Esprit's European listing was, according to its management, mainly due to several unfavourable incidents in the retail industry before its issue.


The report said the firm was benefiting from Asia'a recovery, showing healthy growth in European wholesale orders and product diversification was adding new revenue streams. It also said that a share price over-correction of 30 per cent from a HK$10 high, after the group announced its German listing plan, created a 'buy' opportunity.


Graphic: then12gwz


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