Esprit Holdings
Apparel and textile industry company news
Latest Articles
Esprit turnaround plan to boost product appeal
Esprit has announced it is to build a "new model for the future", including plans to sharpen brand identity and improve its product offering, as the Hong Kong-listed fashion group revealed lower revenue and a wider net loss in the first half of the year.
Esprit sets new goals to move closer to circular fashion
Fashion company Esprit has outlined a series of goals for the use of sustainable materials, elimination of hazardous chemicals, and design for circularity as it re-examines the way it approaches design, material selection, manufacturing, and distribution as part of its bid to close the loop.
Why circular fashion is "the answer for everything" at Esprit
Hong-Kong listed Esprit is currently rethinking every step of the fashion lifecycle with a view to "inclusive circularity" that respects the use of both material and human resources. Sara Bermúdez Couto, head of product safety management and environmental sustainability, explains.
Esprit turnaround plan yet to reignite sales momentum
Esprit has conceded its strategic initiatives are yet to reignite sales momentum after the Hong Kong-listed fashion group revealed lower revenues and a net loss in it last financial year.
Adidas, C&A, Esprit set out new sustainability roadmaps
Brands and retailers including Adidas, C&A, Esprit, Hugo Boss, KiK, Lidl, Primark and Puma are among 116 members of the German based Partnership for Sustainable Textiles who have submitted roadmaps outlining concrete steps to increase sustainability in their textile supply chains.
Esprit commits to boost supply chain workers’ rights
Hong-Kong-based fashion brand Esprit has pledged to champion the human rights of 525,000 workers at its supplier factories in 27 countries.
Ex-Esprit boss to lead Bimba Y Lola
Former Espirit boss Jose Manuel Martínez has been named CEO of Spanish womenswear brand Bimba Y Lola as the company unveils its new strategic plan, designed to uphold its growth, increase its international presence and strengthen its leadership teams.
Esprit warns on FY profit amid China woes
Hong-Kong-based fashion brand Esprit has warned it expects to record a loss for the full financial year on the back of a "significant" decline of its business in China and worse than expected group sales.
Esprit commits to more sustainable viscose production
Clothing company Esprit has joined the Changing Markets Foundation Roadmap to promote more sustainable viscose production by working with suppliers and viscose manufacturers to transition to a closed loop production system by 2023-25.
Esprit to close Australia and New Zealand operations
Esprit is to shutter its loss-making operations in Australia and New Zealand (ANZ), concentrating its efforts and resources in developing other markets in Asia to drive profitable growth.
Esprit commits to Dutch-German sustainability pact
Clothing company Esprit has moved one step closer to increasing its impact on labour rights and the environment after becoming the first fashion brand to sign a joint initiative between two European sustainable textile enterprises.
Top stories this week on just-style...
Top stories this week on just-style include a look at the punitive tariffs President Donald Trump is preparing to impose on Chinese imports into the United States – which could include apparel and footwear – and the potential winners and losers in the global garment trade, how Vietnam's apparel sector is set to reap the benefits oft he Comprehensive and Progressive Pacific Partnership (CPTPP), and former New Look CEO Anders Kristiansen is to replace Esprit chief Jose Martinez later this year.
Ex-New Look boss to replace Martinez as Esprit CEO
Hong-Kong-based fashion brand Esprit has announced its CEO Jose Martinez is to step down later this year and will be replaced by former New Look chief Anders Kristiansen.
Esprit prioritises sales as H1 comes in below expectations
Esprit CEO Jose Manuel Martínez said improving sales across all channels is a "fundamental" goal as the Hong Kong-based fashion brand swung to a loss in the first half with weaker than expected sales at retail stores and a goodwill impairment in China taking a toll.
Green supply chain map links China factories to brands
Six leading apparel brands have stepped forward to be featured on a new online map that claims to be the only tool in the world to openly link leading multinational corporations to their suppliers' environmental performance.
Primark taps ex-Zara product chief to lead womenswear
Value clothing retailer Primark has confirmed to just-style former Zara product boss, Paula Dumont López,is to join the company as head of its womenswear division.
Esprit grows education scheme in supplier countries
As part of its project to improve education opportunities for young people in some of its supplier countries, Hong Kong-based fashion brand Esprit has opened a 'Yes Center' school in South-Punjab, Pakistan, and revealed plans to open an additional four facilities.
Esprit sets new guidelines on sustainability progress
Hong Kong based fashion brand Esprit has made "significant progress" in its sustainability efforts over the course of the last year, and set out new guidelines to help orientate its next steps – including a requirement for all suppliers to publish wastewater data publicly.
Esprit to re-enter India with Myntra
As part of its commitment to re-enter the Indian market, Esprit has granted exclusive distribution and management rights in the country to Myntra, India's largest fashion and lifestyle shopping platform.
Esprit turnaround efforts see FY profit triple
Esprit CEO Jose Manuel Martínez hailed a "year of good progress" as net income surged amid the group's turnaround efforts, and he set out the next steps to create a "stronger basis" for long-term growth.
Esprit expands EU fashion logistics centre
In a bid to boost its logistics processes, Hong Kong-listed fashion brand Esprit has invested in an 80,000 sq m extension of its logistics centre in Mönchengladbach, Germany.
Action plan to protect Syrian workers in Turkish factories
The Foreign Trade Association (FTA) has partnered with member companies, including German mail order and e-commerce giant Otto Group and Hong Kong-listed fashion brand Esprit, on an initiative designed to improve working conditions for Syrian nationals in Turkish supply chains.
Esprit books "record" earnings in H1
Esprit has seen continued improvement in the first half of fiscal 16/17, building on the positive progress achieved in its last financial year to book "record" earnings.
Esprit schools to provide education in supplier countries
Hong Kong based fashion brand Esprit has launched a pilot project aimed at improving education opportunities for young people in some of its supplier countries.
Esprit transparency helping maintain supply chain control
Hong Kong fashion brand Esprit is increasing transparency in a bid to maintain better control of its supply chain through improved communication with its tier two suppliers and cotton farms, and the continued adoption of a narrow base supply chain model.
Apparel brands "ignoring" refugee abuse in Turkey factories
The majority of large apparel brands are ignoring the "endemic" abuse of Syrian refugees in Turkish clothing factories supplying European retailers, a new report has found.
Esprit swings to FY profit on supply chain improvements
Esprit has moved to a profit in its last fiscal year thanks to an improved retail sales performance and the implementation of faster and more cost-efficient product development and supply chain processes.
Esprit forecasts profit break-even for full year
Hong Kong-listed fashion brand Esprit said it expects to break even in terms of net income for its full year thanks to a number of net gains and a raft of cost restructuring measures.
Nike, Victoria's Secret, Esprit lag in detox efforts
Inditex, Hennes & Mauritz (H&M) and Benetton have been praised by environmental activist group Greenpeace for being on track to clean up their chains, while Victoria's Secret, Esprit and sports brands Nike and LiNing are lagging behind the field.
Six international brands join forest-free viscose pledge
Six international brands and retailers including Tesco, Esprit, KappAhl and New Look have joined a commitment to stop sourcing the raw material for their viscose and rayon textiles from ancient and endangered forests.
1
...
Most Popular
Insights
- Tariffs & input costs threaten US apparel outlook
- Supporting a virtuous sourcing circle in Ethiopia
- Higher margins found in circular fashion models
- US apparel imports from China face new 25% tariff
- China tariff war – impact on US textiles & apparel
News
- US Q1 in brief – Ross Stores, L Brands, Target
- M&S to close more stores amid FY profit tumble
- PVH names Stefan Larsson president
- Trump urged to pull footwear from tariff list
- Arcadia CVA to close 23 stores – but is it enough?
Market research
- Sustainability in UK Retail, 2019: Case studies and consumer attitudes
- Global Apparel Retail Industry Profile & Value Chain Analysis
- Under Armour Inc (UAA) - Financial and Strategic SWOT Analysis Review
- The UK Footwear Market 2017-2022
- Cannabis Market: Canada’s legalization of recreational marijuana is boosting the fortunes of cannabis stocks
MAGAZINE
Get full access
