Pursuits
Esprit Drops on CFO Departure Amid Drive to Revive Earnings
This article is for subscribers only.
Esprit Holdings Ltd., the clothing retailer struggling to recover from a 98 percent profit slump, fell the most in more than two months in Hong Kong trading after Chief Financial Officer Chew Fook Aun quit.
The biggest clothing retailer listed in Hong Kong fell 11 percent to HK$10.72 and the close of trading in the city, its biggest drop since Sept. 21. The stock is down 71 percent this year compared with an 18 percent drop for the benchmark Hang Seng Index.