Sunday, August 26, 2012
Fashion store chain Esprit pins hopes on new CEO
FRANKFURT - Fashion retailer Esprit, which recently said it had "lost its soul" as it lost customers to rivals such as H&M and Zara, has hired a former Zara manager to turn its fortunes around. Jose Manuel Martinez, a 42-year-old Spaniard and former manager of Inditex, the world's leading fashion retailer which owns the Zara brand, is to take over as Esprit's new chief executive replacing Ronald van der Vis who quit in June.Gisele Bündchen for EspritThe announcement sent Esprit shares, which
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