Clothes retailer Esprit to close 56 stores in Asia outside China

SINGAPORE (The Straits Times/ANN): Fashion chain Esprit Holdings is closing all 56 of its stores in Asia outside mainland China, including about 12 in Singapore.

The firm told the Hong Kong Exchange on Monday (April 27) that the shops in Singapore, Malaysia, Taiwan, Hong Kong and Macau will be shut possibly by June 30 as it tries to meet the challenges posed by the coronavirus pandemic.