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Found 5 results

  1. ESPRIT To Shut 56 Stores Across Asia, Including S’pore & M’sia, By 30 Jun source: https://mustsharenews.com/esprit-asia-stores-singapore/ ESPRIT To Shut All Stores In Asia Except Mainland China By 30 Jun After Suffering Worsening Sales Apart from claiming thousands of lives, Covid-19 has been the demise of businesses around the world too. The latest to go is Hong Kong-based fashion giant ESPRIT. Struggling to cope with the Covid-19 pandemic, the group announced that they’ll be closing all stores in Asia, except for Mainland China, by 30 Jun. ESPRIT closing 56 stores in Asia end June According to South China Morning Post (SCMP), all 56 stores in Singapore, Malaysia, Taiwan, Hong Kong, and Macau will be shut. In an effort to overcome major challenges due to the coronavirus outbreak, the closures will reportedly help the group restructure their focus of resources and revise operations. But at a hefty cost, evidently. SCMP says the store closures will lose the group between S$27.5 million (HK$150 million) and S$36.6 million (HK$200 million) in one-off costs. Focus on Europe markets instead InsideRetail.asia reports that the decision to close comes after ESPRIT’s drastic drop in sales over the last 9 months. Things took a turn for the worse from March onwards when Covid-19 eventually crippled communities and economies around the world. But, this doesn’t mean the end of the journey for ESPRIT. They’ll continue to run wholesale and licensing businesses, as well as joint venture business, in Mainland China. They are also setting their sights on Europe markets, and will focus instead. Farewell for now, ESPRIT Once a high-street brand, ESPRIT is well-loved for their vibrant, retro style of fashion. If your mum and aunt are fans, it’s probably best to break the sad news to them. We do hope they’ll be able to make a comeback in Asia, after Covid-19 is over. For now, we wish them all the best in recovering from major financial losses.
  2. It was abandoned in a small side alley in Permas Jaya. I drove past, did a double take, and drove into the alley a bit to take a better look. So sad.....it's such a beautiful, almost iconic car.....I'd call it a classic. Wasn't able to tell which version it is, though.... Sigh....maybe tow the chasis back.....and put it....somewhere.
  3. http://www.sgcarmart.com/used_cars/info.ph...205&DL=1000 Damn Chio.
  4. The new lotus esprit? Did i hear someone whisper "gallardo rip-off"? Am pretty sure the final product will look a little different, but more or less like that. "Sources say the V8 will produce at least 400bhp in the Lotus, which would give a 1300kg Esprit a power-to-weight ratio of 308bhp per tonne
  5. Traditionally British, technically Malaysian. Thought I'd still put it here. Going round my usual jogging route to admire exotic cars, and this is the first time I've seen this one around. In fact, I've never seen a local Lotus Esprit before.
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