Esprit has closed its last store in Germany, leaving 1,300 people unemployed. The company filed for bankruptcy due to insolvency and excessive debt, and no buyer was found. Deichmann acquired the trademark rights for Esprit in Europe, while the rights for the textile sector belong to “Theia Group.” The future of Esprit products in Germany is uncertain, and other European subsidiaries are also in bankruptcy. Esprit was once a fashion giant with over 1,100 subsidiaries.
Esprit closed all stores in Germany; 1,300 jobs lost.
