
The German company said the move will allow the subsidiaries to restructure their liabilities and long-term lease contracts, obtain funding for salaries and pension payments, and negotiate with trade unions.
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The German company said the move will allow the subsidiaries to restructure their liabilities and long-term lease contracts, obtain funding for salaries and pension payments, and negotiate with trade unions.
Struggling Hong Kong-listed retailer Esprit has issued a profit warning on the back of the COVID-19 outbreak that has severely dented visitor traffic to its own stores and wholesale partners' shops.
As part of its recovery plan, fashion retailer Esprit has opened its first bodywear store in the city centre of Hilversum, in the Netherlands.
The legislation would require importers to obtain certification from the U.S. government that goods were not produced using forced labor by minority Uighur Muslims in Xinjiang.
Struggling fashion firm Esprit is rolling out its revamped e-commerce platform to Europe "to create a more inspiring way to connect with customers,” it said this week.
In H1 of the 2019-20 financial year, closed last December, sales for the German fashion group fell by 11.8%, while its total retail area shrank by 14.8%.
Tapestry Inc. has made several new appointments to its senior management team, including a new CEO and president at both its Kate Spade and Stuart Weitzman brands, and a new president of Tapestry Asia Pacific.
Industry veterans including the former CEO of Inditex and the co-founder of Adolfo Domínquez are joining Bimba y Lola's first-ever board of directors. Brand co-founder Uxía Domínquez will act as chair.
Under-pressure fashion retailer Esprit is aiming to reset its approach to China with the launch of a joint venture to take over retail and marketing of the brand in the country.
Times remain tough at fashion retailer Esprit with the company’s first quarter, the period to the end of September, seeing revenue down by a hefty 10.8% to HK$2.85 billion (€0.32bn/£0.28bn).