Esprit is downsizing dramatically but not winding down completely, according to senior officials of the ’80s-inspired brand that’s been striving for a revival. Esprit is seeking financing to sustain European wholesale and e-commerce operations, while shutting down its entire retail operation in the continent. Meanwhile, Esprit is cutting more than half of the staff at … Read more
Esprit has put its operations in Belgium and Switzerland into bankruptcy and is laying off personnel at its New York base, but the company is not planning on abandoning its U.S. business or pursuing a restructuring in court. That’s according to the brand’s chief executive officer William Pak, who on Friday told WWD: “The insolvencies … Read more
Esprit has dug deep into its archives for its spring 2024 collection by recreating eight iconic pieces from the 1980s: the multisystem parka, the soft suit, the tracksuit, the tubular skirt, the chunky logo knit, the button down, the Esprit jean and the drawstring backpack. “[Overall] our spring 2024 collection celebrates the tradition of American … Read more
