Esprit Europe and six other German firms of the Hong Kong-headquartered fashion group Esprit Holdings have filed for insolvency under self-administration, the company said.
Around 1,500 employees would be directly affected by the decision.
The group seeks to restructure its European business and had filed for bankruptcy in Belgium and Switzerland in March.Esprit Europe and six other German firms of the Hong Kong-headquartered fashion group Esprit Holdings have filed for insolvency under self-administration, the company said.
Around 1,500 employees would be directly affected by the decision.
The group seeks to restructure its European business and had filed for bankruptcy in Belgium and Switzerland in March.
