By  on May 8, 2013

HONG KONG — Esprit Holdings Limited, which warned Tuesday of a “substantial loss” in the second half of the year, said Wednesday that the company’s transformation plan is taking longer than originally anticipated.

Speaking to reporters at Esprit’s Hong Kong headquarters, chief executive Jose Manuel Martinez Gutierrez said he estimates it will take another 18 months to implement most of the changes in the transformation plan.

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