Esprit Holdings

Esprit Holdings (HK stock code 330) is a clothing retailer and wholesale distributor with its primary listing in Hong Kong and a secondary listing in London. It has retail space in more than 40 countries and it also controls the RED EARTH brand name, distributing its cosmetic products in the Asia-Pacific region.

Esprit reverses huge loss with HK$210m net profit on cost cuts

Esprit's revenue fell 6.5 per cent to HK$24.2 billion as it closed some unprofitable stores. Photo: Reuters

Esprit Holdings shares spiked 9 per cent in early afternoon trading yesterday - the most in almost two years - after it reported better-than-expected annual results.

Wednesday, 24 September, 2014, 3:47am

Esprit's bottom line sags despite restructuring

Esprit chief Jose Manuel Martinez Gutierrez, left, and executive director Thomas Tang, see a softening in the firm's decline. Photo: Paul Yeung

Jose Manuel Martinez Gutierrez, the new chief executive of Esprit, said he was fine-tuning a HK$18 billion restructuring plan introduced two years ago.

28 Feb 2013 - 4:48am

Esprit shares soar after former chairman increases stake

Michael Ying believes Esprit must follow a new path.

The former chairman of Esprit Holdings, Michael Ying Lee-yuen, has shown no sign of wishing to rejoin the company's board after he increased his stake last week to once again become a major shareholder of the casual wear retailer.

16 Nov 2012 - 2:58am

Fund raising bid by Esprit gets a cool reception

The stores are undergoing a change of image.

Esprit Holdings fell nearly 17 per cent to a two-month low yesterday, reflecting investor concern about the company's financial situation.

25 Oct 2012 - 5:07am

Esprit recovery still years away: analysts

An Esprit store in Causeway Bay. The once dominant Hong Kong fashion retailer faces stiff competition in the market. Photo: Jonathan Wong

Esprit Holdings, which is stepping up spending on its revamp plans, is expected to see an improvement in sales this year, but earnings recovery is still years away, analysts said.

24 Oct 2012 - 4:01am

Esprit right issue taps market for HK$5.2b

Esprit has been losing customers to its rivals. Photo: Esprit

Esprit Holdings plans to raise as much as HK$5.2 billion in a rights offer to fund efforts to revive its brand after reporting a first-quarter sales decline.

The apparel company will offer investors the right to buy one new share at HK$8 each for every two held, Esprit said in a statement to the stock exchange yesterday.

23 Oct 2012 - 4:19am

Esprit profit misses forecasts, shares fall 8pc

Group CEO of Esprit, Jose Manuel Martinez Gutierrez, at the company's annual results meeting in Hong Kong on Wednesday.  Photo: AP

Esprit posted a jump in net profit but missed analysts' forecasts as a slowing global economy weighed on sales, sending its shares plunging 8 per cent.

27 Sep 2012 - 2:43am

US hedge fund raises stake in frayed Esprit

Esprit Holdings' biggest shareholder, US hedge fund Lone Pine Capital, raised its stake in the fashion brand, which is struggling with weak sales and a management upheaval.

21 Jun 2012 - 12:00am

Esprit can't stop its revolving door

As clothing retailer Esprit tries to fashion its future, it faces a number of management challenges.

16 Jun 2012 - 12:00am

Esprit goes into tailspin as chief executive exits

The resignation of a second top manager in as many days at Esprit Holdings is likely to send the Hong Kong fashion retailer's share price lower today as investors weigh the implications for the company's turnaround strategy.

14 Jun 2012 - 12:00am

Esprit shares on rollercoaster

Esprit shares have swung wildly in the past two days as a spate of new ratings and research reports left the market at a loss as to the prospects of the beleaguered fashion company.

25 Feb 2012 - 12:00am

Esprit up despite profit slide

Fashion retailer Esprit Holdings surged as much as 25 per cent yesterday, despite a plunge in earnings after the company said efforts to restore the brand had achieved initial success.

Esprit rose 25.04 per cent, the biggest intraday gain in more than three years, to close at HK$17.78 yesterday.

24 Feb 2012 - 12:00am

Market calls

Esprit (330) is showing signs of a rebound. After falling 73 per cent last year, the stock has risen 41 per cent so far this year.

13 Feb 2012 - 12:00am

Esprit mulls closing all of its North American stores

Esprit Holdings, the Hong Kong-listed fashion retailer struggling to recover from an earnings slump, may close all its stores in North America, if it fails to find a buyer or licence partner for the unprofitable business.

2 Feb 2012 - 12:00am

Esprit slips 10pc following CFO's decision to quit

Esprit Holdings shares suffered their biggest decline in nearly two months yesterday following the resignation of the company's chief financial officer amid a restructuring plan to revive earnings.

But analysts remained optimistic about Esprit's prospects and advised investors to focus on the retailer's reforms and business performance.

7 Dec 2011 - 12:00am

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