Esprit Global signs a memorandum of understanding with interested investors to manage and operate the Group's European business

Esprit Global (00330) announced that on April 17, 2024, the company signed a non-legally binding memorandum of understanding with interested investors regarding potential investments and cooperation. According to the memorandum of understanding, a special purpose company will be established to manage and operate the Group's European business; interested investors will assist the company in restructuring the Group's European business; and interested investors plan to obtain financial benefits from the company. The interested investor is an international private equity group. Realizing that the company's previous brand direction had not met expectations, the company decided to embark on a rebranding journey with a new partner. The Group believes that potential investment and cooperation

新浪港股Apr 17 20:21 ET

Esprit Global plans to develop a potential partnership with an interested investor

Esprit Global (00330) announced that the company has been discussing with a number of interested third parties and recently received an oral offer from an interested investor stating that it will submit a non-legally binding framework memorandum of understanding to the company with the aim of developing potential partnerships with the company (particularly in terms of European business). Interested investors intend to assist the company in restructuring the company's European business and cooperate with the company to jointly explore ways to improve the company's European business through its control over related businesses. At the same time, interested investors are interested in investing in the company to benefit from future growth in the company's strategic key markets (including North America and Asia)

新浪港股Apr 9 19:28 ET

BEBR, a Belgian subsidiary of Esprit Global, filed for bankruptcy

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. The bankruptcy of BEBR and its stores

新浪港股Apr 8 19:34 ET