Home / Knowledge / News / Apparel/Garments / Esprit registers year-on-year dip in net profit
Esprit registers year-on-year dip in net profit
11
Feb '11
According to Ronald Van der Vis, CEO of Esprit Holdings Ltd, the company is the third largest apparel retailer in Asia in terms of market value. The company is going to switch more sourcing orders from southern China to Bangladesh.

Swedish apparel retailer Hennes & Mauritz AB, Spain's Inditex SA and US group GAP Inc are the major competitors of Esprit. The company registered a decline of 21 percent in its net profit from a year ago and touched HK$2.14 billion ($275 million) over the period of six months from July to December, 2010.

The company missed the average estimate of HK$2.16 billion made for the period from July to December, 2010. It is likely to continue its efforts in expanding its retail selling space.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search