Clothing company Esprit Holdings Ltd is exiting its U.S. and Canadian operations, which the company reports has been losing money. The closures are part of the Hong Kong-based company’s four-year plan to refocus on the brand’s heritage designs and to strengthen its Asian and European business. Esprit will also shut down 80 unprofitable stores in […]
Clothing company Esprit Holdings Ltd is exiting its U.S. and Canadian operations, which the company reports has been losing money. The closures are part of the Hong Kong-based company’s four-year plan to refocus on the brand’s heritage designs and to strengthen its Asian and European business. Esprit will also shut down 80 unprofitable stores in Spain, Denmark and Sweden.
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