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