As the "Retail Detail" portal writes, the buyer of the rights to the brand was the Alteri company, which already has such signs as Cecil and Street One in its portfolio. The details of the agreement and the value of the transaction were not disclosed. According to the company's representatives, the purchase of the license by Alteri gives the brand a chance to survive and rebuild it in the future. The transaction also means the imminent end of Esprit stores on European markets. It is not known how quickly the network will be rebuilt.
The End of a German Clothing Chain. Will the British Rebuild the Brand?
Esprit is a clothing brand that sells women's, men's, and children's clothing, as well as footwear, watches, and accessories. The company was founded by Susie Tompkins Buell and Douglas Tompkins. It has a network of boutiques in 40 countries around the world.
In early August, bankruptcy proceedings were initiated against Esprit Europe GmbH and its six subsidiaries. The vast majority of the 1.3 thousand people employed by the company will lose their jobs.
