Esprit Files for Insolvency
German Fashion Group Faces Financial Challenges
1,500 Employees Affected
WEB Esprit Europe GmbH and six other German companies of the fashion group have filed for insolvency. This is the second time the fashion brand has filed for insolvency. The fashion group Esprit has filed for insolvency for its parent company, Esprit. The fashion group Esprit has run into financial difficulties in its European business. The consequences of the poor figures have been evident in Switzerland this week. Fashion chain Esprit files for insolvency, affecting 1,500 employees. Esprit has to file for insolvency again. The fashion company is filing for insolvency in self-administration for its European business. The Ratingen fashion brand Esprit filed for insolvency in self-administration on Wednesday.
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