Esprit, now reduced to a mere licensing brand, is still operating at a loss, but has significantly reduced its losses. This is evident from the results of the first fiscal year following its relaunch. Revenue, however, is also much lower.
Revenue halved
Following the sale of most of its operational activities, Esprit Holdings is now focusing entirely on marketing the brand through licensing. As a result, losses are much lower than a year ago, although revenue has also declined.
