Esprit Holdings

Esprit Holdings Limited is an international fashion group. Are sold clothing, footwear, home accessories, jewelry and furniture with branches in over 40 countries. The company is registered in Bermuda and headquartered in Ratingen and Kowloon in the Chinese special administrative region of Hong Kong.

History

Esprit was founded in 1968 by Susie and Douglas Tompkins in San Francisco. The couple was then driving a station wagon and sold by California -sewn garments. In 1971 Esprit was an independent company under the name Esprit de Corp. .. In the same year, the couple founded with Michael Ying, a former chairman and shareholder of Esprit a branch in Hong Kong.

The German subsidiary of Esprit de Corp.. followed in 1976 in Dusseldorf. This offered sportswear at a younger target group. Since June 2003, the German subsidiary in Ratingen is located.

The U.S. branch already became independent in the 1970s by the exit of the founding shareholders. Since then, the Esprit headquarters were located in Hong Kong and Dusseldorf.

After Tompkins sold his first company he founded with his wife, the Far East Group. In the late 1970s, they sold parts of their Esprit shares.

The Esprit logo was designed in 1979 by John Casado; 1986, the first Esprit store in Cologne was opened.

After the divorce from his wife, 1989 Doug Tompkins sold his remaining shares in 1990. Doug Tompkins ex-wife Susie Tompkins, Michael Ying and Jürgen Friedrich became the new owners of the company. Doug Tompkins, now become known as an environmental activist who founded the Foundation for Deep Ecology, moved to Chile and used the proceeds of over 150 million U.S. dollars to build a national park in South America. Michael Ying, the owner of the Esprit Far East Group, 1997, the European operations of Friedrich bought and was able to secure the entire 2002 America rights for 150 million U.S. dollars.

The individual parts of the company went up in the newly founded Esprit Holdings Limited. Red Earth, a distributor of cosmetics had to buy in 2001. However, Michael Ying retired since 2003 more and more from the group back, and sold most of its shares. He held 2006 only 16 of the former 42 percent of the company, which is listed since 1993 on the Hong Kong Stock Exchange since 1998 and on the London Stock Exchange.

Esprit is struggling with revenue and profit declines in 2013 and retired completely from North America back. The company announced that by 2015 1.7 billion euros to invest in the brand and to close unprofitable locations.

Data

1993 Esprit generated a turnover of 100 million euros, In 2009, the Esprit already a worldwide group turnover of around 3.1 billion euros. The net profit amounted to approximately EUR 428 million. In fiscal year 2013 Esprit generated sales of 25.9 billion Hong Kong dollars ( 2.5 billion euros ), which was 14 percent less than last year and a loss of 4.4 billion Hong Kong dollars ( 430 million euros ), compared with 873 million Hong Kong dollars profit a year earlier. The largest retail sales makes the company in Germany with 693 million euros. The shares of Esprit Holdings Limited is listed on the Hong Kong Stock Exchange and is included in both the Hang Seng Index and the MCSI Index Hong Kong and the FTSE All-World Index for Hong Kong.

The CEO of the company was from 1995 to 2009 Heinz Krogner, from 2009 to 2012 it was Ronald van der Vis. Since 2012 it is José Manuel Martínez Gutiérrez, a former manager of the competitors Zara.

The Group operates more than 1,000 directly managed retail stores worldwide and distributes its products through more than 9,000 wholesale locations in 40 countries.

Product lines

Esprit has its individual product lines divided into organizational divisions that operate as independent business units. Each of the ten current product lines has its own character and its own target audience, however, is always oriented to the parent brand values ​​of wit.

  • Women Casual - In- and outdoor clothing for women
  • Men Casual - In- and outdoor clothing for men
  • Women Collection - finer clothing for women
  • Men Collection - finer clothing for men
  • De.corp ESPRIT URBAN CASUAL - primarily aimed at 18-25 year old women
  • Esprit Kids - Children's Clothing ( 0-7 years)
  • ESP Esprit sports - skiing, fitness fashion, streetwear and footwear for women, men and children
  • Accessories - bags, leather and textile accessories for men and women
  • Shoes - Women's, men's and children's shoes, from leather to nylon
  • Bodywear - day and night wear and swimwear for women, men and children

Edc by Esprit

In 1998, the young line was launched edc by Esprit ( Esprit de corps ) for young women 14 to 24 years to life, converting the current trends in the music scene from the popular cities with 12 collections per year. Based on the success and growth of edc by Esprit is available since 2002, edc men. In addition, shoes, accessories and underwear as well as edc licensed products are offered.

  • Edc by Esprit - modern clothing for 14 - to 24 -year-old girls / women
  • Edc men - fashionable clothes for young men
  • Edc accessories - bags, leather and textile accessories for women and men
  • Edc shoes - shoes to match your clothes for edc by Esprit and edc men
  • Edc bodywear - like underwear
  • Edc youth by Esprit - fashionable clothes for children from 8 to 14 years old

Since 2007, edc by Esprit is an independent brand, behind which a self-sufficient team is. The relative independence manifests itself in the worldwide establish their own, pure edc by Esprit stores.

Licenses

Since 1990, Esprit maintains several licensing partnerships. Among the more than forty license partners include eg Coty / Lancaster, looking after the world's fragrance and cosmetics series for Esprit and Falcon, the license partner for hosiery. MYWA produced since 1988 under the name " Esprit time wear jewel" watches and jewelry.

Esprit has focused and expanded three sections: the " Esprit home " with a comprehensive range of furniture, carpets, wallpaper, lighting, home accessories, home textiles and exclusive bathrooms; the "Kids World ", which extends from pregnancy clothing to toys and prams for baby room facilities; and the "Accessories" section of fashion jewelry, watches, socks, cosmetics, perfume, glasses, umbrellas and stationery items. It is planned to expand the license business worldwide in all areas of life continues.

Outlet Stores / Outlet

The company Esprit operates in Stuhr near Bremen, Metzingen, Soltau, Ochtrup, Neumünster, Parsdorf Ratingen and sale transactions in which remainders, overstocks and defective merchandise is sold at discount prices.

Production sites

The production of the Esprit goods distributed in fiscal year 2012/2013 the following countries:

  • Asia: 94.1 percent China: 48 percent
  • Bangladesh: 13.8 percent
  • Turkey: 9.3 percent
  • Vietnam: 5.9 percent
  • India: 5.5 percent
  • Indonesia: 3.4 percent
  • Other Asian countries: 8.2 percent
Types of business entity International Securities Identification Number Darmstadt Zara (retailer) Bank of China (Hong Kong) Bank of China Bank of East Asia Bank of Communications China Construction Bank Hong Kong Exchanges and Clearing Hang Seng Bank CLP Group The Hong Kong and China Gas Company China Resources China Overseas Land and Investment Limited Hang Lung Properties Henderson Land Development Sino Land Belle International Cathay Pacific Aluminum Corporation of China Limited ChinaCoal China Merchants Holdings International China Mobile China Shenhua Energy Company China Unicom CITIC Pacific Hutchison Whampoa New World Development Want Want China
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