Reuters logo
Retailer Esprit says China market a priority and big opportunity
February 21, 2014 / 7:21 AM / 4 years ago

Retailer Esprit says China market a priority and big opportunity

HONG KONG, Feb 21 (Reuters) - Retailer Esprit Holdings Ltd said on Friday China remains a big opportunity, listing it as a priority over the next two years, even after reporting a drop of 24.5 percent in overall turnover in that market.

The company also said it had hired Bernard Mah, a former executive of Hong Kong-listed Giordano, as managing director. Mah was chairman of Giordano’s China operations for 17 years through 2013.

Earlier on Friday, Esprit said it had swung to its first profit in a year after its new chief executive introduced a plan to cut costs and revamp its supply chain. (Reporting By Clare Baldwin and Downny Kwok; Editing by Anne Marie Roantree and Clarence Fernandez)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below