ESPRIT is Back
Fashion Article Posted January 26, 2007

   

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ESPRIT has had a wonderful year thus far and they are happy with their continued success. See a couple of our highlights below.
--Esprit just announced positive company results including a 24% increase in sales and a 28% company increase in profit.  For the US market, Esprit experienced a high double-digit increase in US in comp store growth.
 
--Esprit just announced they are now the exclusive and official supplier of the Panasonic Toyota Formula 1 Racing Team -- Esprit will exclusively supply the Toyota team with a travel and management collection and the company's logo will be featured on all official communications.  

--Toyota Motorsport President John Howett said: "Panasonic Toyota Racing is very much looking forward to working with Esprit and we are delighted to welcome such a global brand as an Official Supplier. Formula 1 is a sport where fashion, innovation and dynamism play an important role so this partnership with Esprit is a perfect fit and we look forward to working together in 2007 and beyond."

--In 2007, Esprit will be opening approximately 10 more stores in North America.  After one year with Jerome Griffith at the helm in North America, the company has restructured, reorganized and is now in a good place to begin opening stores again.
 
--Esprit is bringing Menswear and swimwear back to the New York stores in March.  Esprit is also launching an Esprit Heritage line of tees and bags, embracing the real roots of the brand.

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