Clothes retailer Esprit to close 56 stores in Asia outside China


SINGAPORE (The Straits Times/ANN): Fashion chain Esprit Holdings is closing all 56 of its stores in Asia outside mainland China, including about 12 in Singapore.

The firm told the Hong Kong Exchange on Monday (April 27) that the shops in Singapore, Malaysia, Taiwan, Hong Kong and Macau will be shut possibly by June 30 as it tries to meet the challenges posed by the coronavirus pandemic.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Espirit , close , stores , Asia

Next In Regional

Indonesia court jails former trade minister for four-and-a-half years in sugar graft case
Myanmar military recaptures strategic town from rebels after a year, government says
‘Scapegoats’? The harsh reality for mainland Chinese students in Taiwan
Five Chinese nationals charged over scheme to deliberately get arrested in Singapore to sell sex drugs
Education specialist ReSkills has big plans for pickleball and aims to see it grow at the grassroots level
Chinese ethnic minorities sing songs to solve legal disputes; case goes viral
‘Who killed love?’ A video game plays to male resentment in China.
Thailand to offer Trump no duties on 90% of goods, adviser says
Ex-top China student gets low exam score, parents kick him out, change door code
Hong Kong police arrest man on suspicion of pushing boy, 9, into sea

Others Also Read