Esprit Holdings (HK:0330) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Esprit Holdings has announced the deconsolidation of several European subsidiaries due to insolvency proceedings, significantly impacting the company’s financial structure. These entities previously contributed approximately 89% of the group’s total revenue and 74% of total assets. The move is expected to notably reduce the group’s operating losses, which have been driven by high operating costs including rents, labor, and logistics.
For further insights into HK:0330 stock, check out TipRanks’ Stock Analysis page.
