Esprit Global (00330) announced, Esprit Belgium Retail N.V. The director (BEBR board) of (BEBR, an indirect wholly-owned subsidiary of the company) decided to apply to the Belgian Bankruptcy Court to commence the bankruptcy process (bankruptcy application) for BEBR assets after careful and thorough consideration; approve the bankruptcy application; and then file a bankruptcy application on April 8, 2024.
The company is currently focusing on a comprehensive restructuring, strengthening its business with wholesale and franchisee partners, and creating new impetus for e-commerce. BEBR's bankruptcy and the closure of its stores are unavoidable.