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Esprit Holdings

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Textile and apparel has grown to become one of the main pillars of Mauritius' economy in the last decade. Trade deals in place with Europe and the US have certainly contributed, helping boost the country's exports last year. While the sector still faces a number of challenges, the opportunities appear to be outweighing those. Michelle Russell reports.

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The Rana Plaza factory disaster has proved to be a catalyst for change in Bangladesh. While there has been criticism of the speed of the factory inspection process and efforts to improve worker safety, a timeline of major milestones shows that progress is being made.

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Being sustainable might be "the right thing to do," but it impacts each and every stage of the apparel industry and its supply chain. Here some of the participants at this year's Prime Source Forum in Hong Kong share their thoughts on the issue.

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Members of the Zero Discharge of Hazardous Chemicals (ZDHC) Group are “forging solidly” towards their 2020 goals, but need the collective help of industry and other stakeholders, says a new report.

Luen Thai Holdings is Hong Kong's largest listed garment firm, with 34,000 employees, revenues of around US$1bn and a flagship business that produces over 80m garments a year - as well as footwear and bags - from production bases in China, the Philippines, Indonesia, India, Bangladesh and Cambodia. In the first of two articles based on a conversation with just-style managing editor Leonie Barrie at the recent Prime Source Forum in Hong Kong, CEO Henry Tan calls for industry-wide collaboration in a bid to increase efficiency and offset rising costs in the apparel supply chain.

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.

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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.

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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.

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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.

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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.

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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. 

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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. 

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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.

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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.

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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.

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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.

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Hong Kong-listed fashion brand Esprit has said its strategic plan is starting to bear fruit and that it remains confident in its outlook, despite swinging to a first-half loss weighed down by China woes.

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Hong Kong-listed fashion brand Esprit has joined the German-led Partnership for Sustainable Textiles initiative, which aims to bring about social, ecological and economic improvements along the apparel and textile supply chain.

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F&F, the fashion brand of UK supermarket retailer Tesco Stores, has become the latest member of the Zero Discharge of Hazardous Chemicals (ZDHC) group, amid the formation of a new board of directors.

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Hong Kong-listed fashion brand Esprit swung to a loss during what it described as an “exceptionally challenging” year, weighed down by currency headwinds and China woes, but says it is now entering the "growth" phase of its turnaround plan. 

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Hong Kong-listed fashion brand Esprit has signed a five-year licensing deal with French kid's wear retailer Groupe Zannier for its children's line in Europe.

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Hong Kong-listed casual fashion brand Esprit has said it expects to record a “substantial” loss for the year ending 30 June, blaming one-off costs, weaker sales and a forecast operating loss.

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Hong Kong-listed casual fashion brand Esprit has said its transformation continued to make “good progress” during the third quarter, despite posting a 25.5% decline in turnover.

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Hong Kong-listed casual fashion brand Esprit has blamed the challenging operating environment for its decline in first-half sales and earnings.

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Hong Kong-listed casual fashion brand Esprit warned first-half earnings are likely to decline by up to 58%, due to a steeper than expected fall in turnover.

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Online fashion retailer Boohoo has become the latest retailer to ban the use of angora in its products following pressure from animal rights group PETA.

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Hong Kong-listed casual fashion brand Esprit Holdings says it is four months ahead of schedule in phasing out all perfluorinated carbons (PFCs) in its clothing by 2014.

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Hong Kong-listed casual fashion brand Esprit Holdings says it is four months ahead of schedule in phasing out all perfluorinated carbons (PFCs) in its clothing by 2014.

Hong Kong-listed fashion brand Esprit is introducing vegan hangtags, in a bid to increase transparency in textile labelling and better inform conscious consumers.

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Talks last week to try to agree compensation payments for the victims and survivors of two Bangladesh factory disasters failed to reach a decision, with brands and retailers set to meet again in a fortnight to consider their next steps.