The shops Esprit is closing in Asia represent less than 4 per cent of the group’s global turnover. Photo: Bloomberg The shops Esprit is closing in Asia represent less than 4 per cent of the group’s global turnover. Photo: Bloomberg
The shops Esprit is closing in Asia represent less than 4 per cent of the group’s global turnover. Photo: Bloomberg

Coronavirus pandemic

Business /  Companies

Clothing giant Esprit to shut down all 56 stores in Asia outside mainland China as coronavirus ravages sales

  • The Hong Kong-listed fashion house says it will close 56 shops in Singapore, Malaysia, Taiwan, Hong Kong and Macau by June 30, and is ‘winding down’ in China
  • Those stores represent less than 4 per cent of global turnover, said Esprit, as it negotiates with landlords across markets for rental relief and better terms

Topic |   Coronavirus pandemic
Louise Moon
Louise Moon

Updated: 4:54am, 28 Apr, 2020

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The shops Esprit is closing in Asia represent less than 4 per cent of the group’s global turnover. Photo: Bloomberg The shops Esprit is closing in Asia represent less than 4 per cent of the group’s global turnover. Photo: Bloomberg
The shops Esprit is closing in Asia represent less than 4 per cent of the group’s global turnover. Photo: Bloomberg
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