Esprit Fashion Chain to Keep Over Half of Stores Open Until January 2024 Amid Insolvency
Despite plans to close all stores by the end of 2024, the Esprit fashion chain will keep 30 of its 56 locations in Germany open until late January due to excess inventory. This decision aims to leverage the holiday shopping season and boost sales through events like Black Friday. The company filed for insolvency earlier this year, resulting in significant job losses, while its footwear and textile brand rights have been sold to other companies.