Esprit Plans Stores in 400 China Cities as Europe Sales Fall

Esprit Holdings Ltd., the Hong Kong- based clothing retailer that derives 83 percent of its sales from Europe, plans to expand its operations to 400 Chinese cities as revenue from the continent declines.

Mainland China Esprit stores will increase 83 percent to 1,700 within five years to double the company’s sales because the world’s most-populous nation “represents the biggest growth opportunity,” it said in a statement today.