BERLIN — Esprit Holdings Ltd. issued a profit warning Tuesday, saying the group expects to record a substantial loss for the second half of the fiscal year ending June 30 relating to its business in China.
The Hong Kong-based group said there would be a good will impairment for the six-month period ended Dec. 31, relating to its acquisition of the remaining interests of associated companies in China. The impairment charge will be in the range of 1.8 billion to 2 billion Hong Kong dollars, or $213.9 million to $257.7 million at current exchange.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"