Wednesday, June 13, 2012
Clothing retailer Esprit's shares slide 23 percent as CEO quits
HONG KONG - Shares of Esprit Holdings Ltd fell by nearly a quarter on Wednesday after the clothing retailer's chief executive resigned, casting uncertainty over its costly restructuring plan and efforts to revitalise a brand that it admitted last year had "lost its soul". Photo: Pixel FormulaThe company, which competes with Sweden's Hennes & Mauritz AB (HMb.ST) and Spain's Inditex SA, said late on Tuesday its group chief executive, Ronald van der Vis, had resigned for personal and family
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