Esprit to Liquidate in the U.S. After Downsizings and Failed Revamp [Yahoo! Finance]
ESPRIT HLDGS S/ADR (ESPGY)
NASDAQ:AMEX Investor Relations:
esprit.com/investor_relations
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Source: Yahoo! Finance
Esprit U.S. Retail Inc. and Esprit U.S. Distributions both filed Chapter 7 petitions for liquidation with U.S. Bankruptcy Court in New York's Southern District. More from WWD Esprit Execs Address Widespread Downsizings and the Brand's Future Esprit Restructuring Globally, Layoffs Hit N.Y. Headquarters Esprit Embraces American Sportswear Tradition The business wracked up more than $3 million in liabilities and its 38,000-square-foot New York headquarters at 160 Varick Street in Manhattan will be shuttered. The facility — which housed Esprit's global design, branding, creative and marketing teams, a showroom, and a photo studio — has been in operation since February 2023, and was tasked with reviving the brand, which disappeared from the U.S. retail landscape in 2012 but kept stores operating in Europe. Esprit was hugely popular in the 1980s and 1990s, but moving into the 21st century it didn't keep up with fashion trends and rising competition. At one time, there were hund
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