HONG KONG — Anders Kristiansen has his work cut out for him.
A fuller picture of what needs to be turned around at Esprit Holdings, where he has held the top job for less than a month, came to light after the company issued a profit loss warning on Thursday. According to the statement, the company is expecting a loss before interest and taxes around 2,170 million to 2,270 million Hong Kong dollars, or $276.59 million to $289.35 million at current exchange for the full year ending June 30. That compares to a loss before interest and taxes of 102 million Hong Kong dollars, or $13 million, for the same period last year.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
Photographed by @delphachardphotos