BERLIN — Esprit suffered a second major management setback Wednesday with the resignation of the company’s chairman and independent non-executive director Hans-Joachim Körber. Esprit chief executive officer Ronald Van der Vis stepped down from his post on Tuesday, sending Esprit’s shares into a tailspin.
Prior to the announcement of Körber’s departure, the Hong Kong-listed company suspended trading from 1:30 p.m. Wednesday, June 13, to 9 a.m. Thursday, June 14, Hong Kong time. Shares dropped 22 percent to close at 10.54 Hong Kong dollars, or $1.36 at current exchange, prior to trading being suspended.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)