By  on February 3, 2010

HONG KONG — Esprit Holdings Ltd. saw lower profits and sales in the six months ended Dec. 31 on the back of a lackluster wholesale business.

The company said Wednesday net profits slid 5.2 percent to 2.71 billion Hong Kong dollars, or $349.6 million at average exchange rates, while turnover decreased 3.1 percent to 18.5 billion Hong Kong dollars, or $2.39 billion. The company said its retail turnover grew 9.5 percent, whereas the wholesale environment remained challenging as buyers continued to purchase cautiously.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus