Malaysians Wont Get To Buy Esprit Clothes Anymore

The fashion brand that has donned many Malaysians with stylish yet affordable wear, Esprit will never see the opening of its stores post MCO.

Part of a large conglomerate established since 1968, Esprit Holdings is based out of Hong Kong and operates across, Asia, Europe and US, however due to the current crisis it has announced closure of all 56 stores in Asia outside mainland China.

The stores are said to represent less than 4 percent of the Group’s total turnover. At the same time, the Group is also negotiating rental reliefs with landlords across markets.

The fashion house’s 56 shops that will see closure by June 30 are spread across Singapore, Malaysia, Taiwan, Hong Kong and Macau.

“The whole industry has been affected by the global crisis. We first felt the impacts in Asia and now in Europe, where many of our stores have been closed. This is forcing us to look at the contribution all markets make to the group’s performance,” said Anders Kristiansen, chief executive of Esprit Group.

Local fashion designers, Christy Ng and Ung Yiu Lin expressed their struggles they are facing as malls and retail stores in the country have all closed down throughout the MCO period.

Esprit offers fashion for men, women, kids and accessories like sunglasses, jewelry is known for its high street design made reasonably affordable compared to other fashion labels. Malaysians can still get dresses on Zalora but this will be subject to change in merchant agreement, Esprit online currently does not deliver to Malaysia.

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