What does ESPIRIT mean in International Business?

espirit

Esprit Holdings Limited (Chinese: 思捷環球控股有限公司) is a publicly owned manufacturer of clothing, footwear, accessories, jewellery and housewares under the Esprit label. The company is headquartered in North Point, Hong Kong, and Ratingen (near Düsseldorf), Germany. In the 2019–2020 business year, Esprit generated a worldwide sales of around €1.05 billion (as of 30 June 2020). Esprit operates 225 retail stores worldwide and distributes products to more than 4,500 wholesale locations around the globe. Esprit has more than 234,000 square meters of retail space in 30 countries. The ESPRIT brand name is licensed to other manufacturers. In addition, the group owns the Red Earth cosmetics brand. The Esprit flagship stores feature both current Esprit fashion lines and licensee products under one roof. Esprit has an architecture department that is responsible for the worldwide design of its stores.

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