Esprit exits Australia and New Zealand, shutting all 67 stores”.

“Esprit exits Australia and New Zealand, shutting all 67 stores”. Esprit home sells furniture, carpets, wallpaper, lighting, living accessories, home textiles and bathrooms; Esprit kids’ world sells maternity wear, toys, buggies and nursery furniture. Due to the COVID-19 pandemic, on 11 February 2020, Esprit announced its intention to close all stores in Singapore and subsequently as a result on 29 April 2020, Esprit expanded its closure to all remaining stores in Asia .

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The Company sells its products in Germany, Rest of Europe including America, Asia Pacific and via e-shop platforms. The Group operates more than 225 directly managed retail stores worldwide and distributes its products via more than 4,500 wholesale locations around the globe. The company has more than 234,000 square metres of sales area in more than 30 countries. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

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According to Credit Suisse, Esprit’s brand is valued at $3.4 billion since 2012 Esprit has lost its global recognition and is in decline. Esprit has pulled out of most global markets, reducing stores in China, Australia, Hong Kong and closing North America. In 2013 Esprit appointed a new CEO who was from a successful competitor to tackle this decline, which has brought great success for Esprit and the company is fast becoming a recognized brand once again. Up to 100 daily downloads, whether individual symbol price history, your Screener results, Watchlists, or for other popular Barchart pages.

Esprit Holdings LTD stock

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