By  on May 7, 2013

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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus