Esprit Holdings Ltd (0330.HK)
Latest Key Developments (Source: Significant Developments)
Nov 6 (Reuters) - Esprit Holdings Ltd <0330.HK>:Qtrly total revenue HK$4.01 billion versus HK$4.11 billion .In rest of FY17/18, will continue downsizing effort to accelerate closure of loss making retail stores. Full Article
Esprit Holdings Ltd <0330.HK> : q1 ended 30 september 2016 group revenue recorded a decline of -11.8% in local currency .group is actively reducing its retail space. Full Article
Esprit Holdings Ltd <0330.HK>: Profit estimate <0330.HK> . Says company's management currently expects the group to record a break even in terms of net income for FY15/16 . Expected results due to result of group's underlying operations better than lbit of HK$736.8 million expected by market consensus . Staff reduction plans to reduce overhead costs triggered one -off restructuring costs estimated to be HK$380 million-HK$400 million in FY15/16 . Full Article
HONG KONG, Jan 25 Esprit Holdings Ltd said it expected to post losses in the fiscal first half, ended in December 2017, hit by weak sales at its brick-and-mortar retail stores as the fashion group rationalized its distribution footprint and a decline in China business.