Esprit Holdings Limited
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| Public company | |
| Industry | Retail, Fashion |
| Founded | 1968 in San Francisco, California |
| Headquarters |
Global Business Headquarters: Ratingen, Germany Global Finance Headquarters: Kowloon, Hong Kong |
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Key people
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Chairman: Raymond Or CEO: Jose Manuel Martínez Gutiérrez |
| Products | Clothing, Watches, Bedroom Furnishing |
| Revenue | EUR 3.25 billion (200 million profit) |
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Number of employees
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15,000 worldwide |
| Website | www |
Esprit Holdings Limited (Chinese: 思捷環球控股有限公司 : 330) is a publicly owned manufacturer of clothing, footwear, accessories, jewellery and housewares under the Esprit label. The company is headquartered in Kowloon, Hong Kong, and Ratingen (near Düsseldorf), Germany. In the 2007–2008 business year, Esprit generated a worldwide sales of around EUR 3.25 billion (as of 30 June 2008). Esprit operates more than 900 retail stores worldwide and distributes products to more than 8,500 wholesale locations around the globe. Esprit has more than 1.1 million square meters of retail space in 40 countries.
The ESPRIT brand name is licensed to other manufacturers. In addition, the group owns the Red Earth cosmetics brand.
The Esprit flagship stores feature both current Esprit fashion lines and licensee products under one roof. Esprit has an architecture department that is responsible for the worldwide design of its stores.
On September 27, 2011 Esprit Holdings Ltd. was valued at just $1.4 billion, a loss of more than 90 percent from a $20 billion valuation four years prior. According to Credit Suisse, Esprit's brand is valued at $3.4 billion since 2012 Esprit has lost its global recognition and is in decline. Esprit has pulled out of most global markets, reducing stores in China, Australia, Hong Kong and closing North America and Canada. In 2013 Esprit appointed a new CEO who was from a successful competitor to tackle this decline, this has brought great success for Esprit and the company is fast becoming a recognized brand once again.
The first joint fashion line established by Susie and Doug Tompkins (who had previously founded The North Face) was sold from a VW bus and their headquarters was the Tompkins’ apartment in San Francisco. Susie assumed the creative and Doug Tompkins the financial role in the business.
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