Esprit has closed a total of 169 loss-making shops and its has reduced office space in Hong Kong and Germany. Photo: Bloomberg

Hong Kong fashion house Esprit says protests to blame for 40 per cent drop in customer traffic

  • Company posts better-than-expected results for year ending June 30, sees net loss of HK$2.14 billion
  • Rents ‘simply too high’ for retailers, executive chairman says
Topic |   Hong Kong protests

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Esprit has closed a total of 169 loss-making shops and its has reduced office space in Hong Kong and Germany. Photo: Bloomberg
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Louise Moon

Louise Moon

Louise Moon joined the Post in 2017 and is a reporter on the Business desk. She has a master's in Mandarin from Edinburgh University and a master's in journalism from City University, London. Originally from the UK, she spent her teenage years growing up in Hong Kong which sparked her interest in China.