Clothing giant Esprit to shut down all 56 stores in Asia

The Hong Kong-listed fashion house announced on Monday that it will close 56 shops in Singapore, Malaysia, Taiwan, Hong Kong, and Macau by June 30. Those stores represent less than 4 percent of the group’s global turnover, and the closures are part of the company’s “restructuring initiatives to focus resources and recalibrate operations” amid the pandemic, it said.

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Photo: Bloomberg

I like Esprit brand, hope that they will come back again one day! :sneezing_face:

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Coming next is GAP . . . No money pay rental and keep burning cash . . .

Ohh… too bad… but GAP quality… not as good as Esprit.