By  on June 21, 2018

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.

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