Quarterly earnings

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.

Wednesday, 24 October, 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

OOIL heads for US$6.4b in turnover

Orient Overseas (International) Limited's Director and Chief Financial Officer Ken Cambie speaks to the media at the company's interim results announcement. Photo: Jonathan Wong

Orient Overseas (International) (OOIL) could be heading for a total turnover of around US$6.4 billion this year after the parent of Orient Overseas Container Line (OOCL) reported revenues of US$4.47 billion in the first nine months of the year from its box shipping business.

23 Oct 2012 - 4:19am