An Esprit store in Vienna, Austria. As part of its turnaround strategy it plans to close more than 40 “heavy loss-making” shops in “core” European countries. Photo: Reuters

Struggling Esprit to close more than 40 shops in Europe

Retailer is hammered by net loss of US$121.9 million for second-half of last year, compared with a net profit of US$7.79 million for the same period in 2016

Topic |   Retailing

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An Esprit store in Vienna, Austria. As part of its turnaround strategy it plans to close more than 40 “heavy loss-making” shops in “core” European countries. Photo: Reuters
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