# Clothing giant Esprit to shut down all 56 stores in Asia

**URL:** <https://puchong.co/t/clothing-giant-esprit-to-shut-down-all-56-stores-in-asia/287>\
**Category:** Economy\
**Created:** [April 28, 2020, 9:16am UTC](https://puchong.co/t/clothing-giant-esprit-to-shut-down-all-56-stores-in-asia/287 "2020-04-28T09:16:58Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![Mu51kuY](https://puchong.co/user_avatar/puchong.co/mu51kuy/32/161_2.png) [@Mu51kuY](https://puchong.co/u/Mu51kuY)\
**Post date:** [April 28, 2020, 9:16am UTC](https://puchong.co/t/clothing-giant-esprit-to-shut-down-all-56-stores-in-asia/287/1 "2020-04-28T09:16:58Z")

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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.

**Full story** : [scmp.com](https://www.scmp.com/business/companies/article/3081810/clothing-giant-esprit-shut-down-all-56-stores-asia-outside)

 ![image](https://puchong.co/uploads/default/original/1X/0d51308cce79524302c559413db7ce361f6c764f.jpeg)  
Photo: Bloomberg

> I like [Esprit](https://www.esprit.com/) brand, hope that they will come back again one day! 🤧

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**Author:** ![juzhax](https://puchong.co/user_avatar/puchong.co/juzhax/32/3_2.png) [@juzhax](https://puchong.co/u/juzhax)\
**Post date:** [April 28, 2020, 9:31am UTC](https://puchong.co/t/clothing-giant-esprit-to-shut-down-all-56-stores-in-asia/287/2 "2020-04-28T09:31:22Z")

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

> **[Gap Inc.](https://en.wikipedia.org/wiki/Gap_Inc)**
>
> The Gap, Inc., commonly known as Gap Inc. or Gap (stylized as GAP), is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap (the namesake banner), Banana Republic, Old Navy, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M. As The F...

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**Author:** ![Mu51kuY](https://puchong.co/user_avatar/puchong.co/mu51kuy/32/161_2.png) [@Mu51kuY](https://puchong.co/u/Mu51kuY)\
**Post date:** [April 28, 2020, 10:51am UTC](https://puchong.co/t/clothing-giant-esprit-to-shut-down-all-56-stores-in-asia/287/3 "2020-04-28T10:51:53Z")

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