Lifestyle brand Esprit announces record turnover & profits
29 Aug '07
2 min read
“The Group believes that the impetus to long-term growth is international branding. This is being accomplished by opening flagship stores in metropolitan cities worldwide, participating in large scale promotional events, and expanding our footprint globally. For the new financial year, the Group has committed over HK$1 billion to open over 100 directly managed retail stores as well as to renovate existing stores worldwide.”
“Over 2,000 new controlled-space wholesale point-of-sales are in the pipe-line. In addition, through the partnership with MTV, edc will have its first multi-national promotional campaign covering Europe and Asia Pacific,” said Mr Thomas Grote, President of Esprit brand.
“Looking ahead, we have strategically positioned ourselves for another phase of significant growth. With a solid track record and a proven business model, the Group has full confidence in overcoming new challenges and continue the growth and profitability trend in the years to come,” concluded Mr. Krogner.