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Esprit plans Asia comeback by ditching fast fashion

Esprit Holdings Ltd (思捷環球控股), the once high-flying Hong Kong fashion retailer before it tumbled into years of losses, is planning a comeback in Asia, pivoting away from a fast-fashion strategy where it failed to compete with brands such as Zara and H&M. The company is now focusing on better-quality clothing that is more expensive than fast-fashion apparel, but more sustainable, chief executive officer William Pak (朴義源) said in an interview with Bloomberg Television yesterda...
Soult Ukpyolsi South Korea Hong Kong William Pak Esprit Holdings Ltd Bloomberg Television

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