Fashion Definitions — fashion history, brands and industry terms from Apparel Search
Esprit Holdings Limited is a publicly owned manufacturer of apparel, footwear, accessories, jewellery, and housewares, under the ESPRIT label. The company is headquartered in Kowloon, Hong Kong, and has stores in more than forty countries.
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Esprit Holdings Limited is a publicly owned manufacturer of apparel, footwear, accessories, jewellery, and housewares, under the ESPRIT label. The company is headquartered in Kowloon, Hong Kong. The company has stores in more than forty countries. The ESPRIT brand name is also licensed to other manufacturers. In addition, the Group owns the Red Earth cosmetics brand. The brand was particularly popular in the 1980s (Especially with suburban teenagers!)
The company was started in San Francisco in the 1960s by Susie Russell (now Susie Tompkins Buell) and her then-husband, Douglas Tompkins, the founder of The North Face. They were joined in 1971 by Michael Ying. The couple divorced in 1989, and Mr. Tompkins sold his shares in 1990. Later, the Esprit Far East Group bought the other divisions and formed Esprit Holdings Limited in Hong Kong. The company acquired Red Earth in 2001.
The company is listed on the Hong Kong Stock Exchange and is a component of the Hang Seng Index. It has been a listed company in Hong Kong since 1993 and has a secondary listing on the London Stock Exchange since December 1998.
Learn more About Esprit.
External links
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The above article is licensed under the GNU Free Documentation License. From Wikipedia, the free encyclopedia https://en.wikipedia.org/wiki/Esprit_Holdings 2/6/06 Modified by Apparel Search |
Designer Definition (from U.S Department of Labor)
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Esprit's geography tells its story. The company was started in San Francisco in the 1960s, an American beginning at a time when California casual clothing was becoming a fashion force in its own right. Its founders were Susie Russell — now Susie Tompkins Buell — and her then-husband Douglas Tompkins, who also founded The North Face, and they were joined in 1971 by Michael Ying. The couple divorced in 1989, and Tompkins sold his shares in 1990. Later, the Esprit Far East Group bought the other divisions and formed Esprit Holdings Limited in Hong Kong. The result is the structure described today: a publicly owned company headquartered in Kowloon, Hong Kong, running a label born in San Francisco — a reminder that a fashion brand's home can move with its ownership while the label itself continues unchanged for customers.
Under the ESPRIT label, the company manufactures apparel, footwear, accessories, jewellery, and housewares. That spread is broader than a clothing-only range: footwear and accessories complete the outfits the apparel begins, jewellery extends the label into small, giftable items, and housewares carry the same brand name into the home. The ESPRIT brand name is also licensed to other manufacturers, so products bearing the label can come either from the group itself or from licensees working under it — a common way for a widely recognised label to enter categories where a specialist maker has the production expertise. With stores in more than forty countries, the label needed that breadth: a single recognised name, applied consistently across categories, lets a shopper in any of those markets find the brand in clothing, in accessories or in goods for the home.
The brand was particularly popular in the 1980s, especially with suburban teenagers — a decade and an audience that fixed ESPRIT in many shoppers' memories as a label of that era's casual fashion. Corporate milestones followed the popularity. Esprit has been a listed company in Hong Kong since 1993, is a component of the Hang Seng Index, and gained a secondary listing on the London Stock Exchange in December 1998, giving the Hong Kong-headquartered group a public presence in two financial centres. In 2001 the company acquired Red Earth, adding a cosmetics brand to a group otherwise built on apparel and lifestyle goods; cosmetics sit naturally beside fashion retail, sharing the same customers, the same store environments and the same seasonal rhythm of new colours and collections.
Esprit's ownership history also shows how international fashion groups are assembled. A label created by individual founders in one city can, over several decades, pass through changed partnerships — a co-founder's departure and share sale, the arrival of a new partner in the business's early years, and finally the purchase of its divisions by a regional group that re-forms them as a listed holding company in another financial centre. Through each change, what the customer meets is continuous: the same ESPRIT name on apparel, footwear, accessories, jewellery and housewares, in stores across more than forty countries. The corporate record — San Francisco origins, Hong Kong headquarters in Kowloon, listings in Hong Kong and London, and the Red Earth cosmetics brand held alongside the clothing business — is therefore best read as the framework that keeps one familiar label supplied, licensed and retailed worldwide, long after the founders' own time with the company had ended. For shoppers, that continuity is the practical point: the label they remember from its 1980s popularity is the same label, under the same name, still sold internationally today.
The company was started in San Francisco in the 1960s by Susie Russell, now Susie Tompkins Buell, and her then-husband Douglas Tompkins, the founder of The North Face. They were joined in 1971 by Michael Ying, who became part of the company's early leadership.
Esprit has been a listed company in Hong Kong since 1993 and has had a secondary listing on the London Stock Exchange since December 1998. It is listed on the Hong Kong Stock Exchange and is a component of the Hang Seng Index.
Esprit Holdings Limited manufactures apparel, footwear, accessories, jewellery, and housewares under the ESPRIT label, and the brand name is also licensed to other manufacturers. In addition, the group owns the Red Earth cosmetics brand, which the company acquired in 2001.