Esprit Plummets Second Day After Top Management Quits: Retail

As Esprit Holdings Ltd.’s chief executive officer and chairman quit within 24 hours of each other, investors’ biggest question was: Who’s in charge?

The fashion brand left the financial community in the dark on the resignations and succession plans. Chief Executive Officer Ronald Van der Vis quit June 12 and the Hong Kong-based company reported the departure of its chairman a day later.