Esprit Holdings (HK:0330) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Esprit Holdings Limited has announced the insolvency proceedings of its Dutch subsidiary, Esprit Europe B.V. (NLEB), which along with its own subsidiaries accounted for approximately 6.7% of the Group’s total revenue. As NLEB faces financial difficulties, the Board deemed insolvency proceedings necessary and this will lead to deconsolidation of NLEB’s financial results from the Group.
For further insights into HK:0330 stock, check out TipRanks’ Stock Analysis page.
