Under the Covid-19 epidemic, the retail industry was hit hard. Fashion brand Esprit (Esprit Global) announced on 27th April 2020 that in addition to terminating its business in China, it decided to close the remaining 56 branches in Asia which including Singapore, Malaysia, Taiwan, Hong Kong and Macau.ESPRIT had previously issued a press release saying that due to the impact of the coronavirus disease (COVID-19) epidemic, Most of the countries have implemented closure measures or partially lockdown, resulting in industries facing terrible challenges, so ESPRIT decided to enter the restructuring stage to retain operational capacity to ensure the future of the brand.
According to Esprit’s Facebook page, there are 16 outlets in Singapore.
In a business update published on April 27, Esprit said that the closure of stores is part of its restructuring initiatives to focus resources and recalibrate operations in order to cope with the challenges posed by the worldwide Covid-19 outbreak.
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Date: 28th April 2020 onwards (while stocks last)
Available at: ESPRIT Official Online Store at Zalora
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