Initializing...

Top Retail Brands

Esprit's India story ends

The brand is shutting down its operations in India by the end of November.

Tags: esprit, madura fashion

November 27, 2012  |  comments ( 0 )  | 

Esprit is all set to exit India by the end of the year. The brand made its India entry through a deal with Madura Fashion seven years ago. The brand is said to be bearing annual losses upto the tune of Rs 20-25 crore which has led the brand toc all off their innings in India. Esprit had already shut down its flagships in Bangalore, Mumbai and Delhi last year. The brand is now clearing off its inventory and waiting for a complete shut down. 

However, Madura Fashion was keen on associating with the brand in India and further carry out its operations, the global giant was not keen. 

 


Related News


Comments

Please add your comment:

Rating   

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter