The Board of Directors of Esprit Holdings Limited, a leading apparel company headquartered in Hong Kong, has appointed Anders Kristiansen as the new executive director of the company and group chief executive officer (CEO), effective June 1, 2018. Anders Kristiansen will succeed Jose Manuel Martinez Gutierrez, who has resigned from the post.

Raymond Or Ching Fai, executive chairman of the company said, “Kristiansen is a well-rounded and seasoned executive in the fashion industry, with extensive experience in successful business development both in Europe and Asia, especially China. As former CEO of New Look Retail Group Ltd, he has a sound track record of leading complex growth and expansion projects. The Board has every confidence that he will successfully lead Esprit into the next phase of growth and look forward to working with him to achieve that goal.”

Kristiansen said, “Esprit is a strong, global brand at an exciting juncture, and I will focus on leveraging the company’s enormous potential to deliver long-term shareholder value. Our objective will be to recapture market share and ultimately return the company to growth.”

Anders Kristiansen is currently an industrial advisor for a global private equity fund, Permira. He was previously the chief executive officer and director of New Look, a global fast fashion apparel company based in London, from January 2013 to September 2017. He was instrumental to the successful execution of a five-year strategic plan. (GK)

Fibre2Fashion News Desk – India

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