The ailing fashion group, listed on the Hong Kong stock exchange, has appointed Mark Daley, formerly with Billy Reid, Ralph Lauren and DFS, as its new CEO, while Yung Ting Wan has taken charge of product development.
Fourteen major brands and retailers have made a public commitment to clean up their viscose supply chains, sending a strong signal to viscose manufacturers about shifting to responsible viscose production by 2023-25.
Tapestry Inc. has made several new appointments to its senior management team, including a new CEO and president at both its Kate Spade and Stuart Weitzman brands, and a new president of Tapestry Asia Pacific.
Esprit’s problems are continuing with the Hong Kong and Germany-based firm reporting another set of weak results, although they were better than predicted and the company thinks it's on the right track.
Sales may have fallen again at Esprit in the first three months of the year, but the company seems to think that its restructuring plan is yielding results, although its full recovery is clearly some way off.