By the end of 2024, all 56 Esprit stores in Germany will close, resulting in the loss of approximately 1,300 jobs. The company filed for insolvency in May 2024 after experiencing significant financial difficulties exacerbated by the COVID-19 pandemic. Initially, there were plans for an alternative strategy to keep about ten stores open, but this plan failed. The brand rights will be acquired by the British investor Alteri, while the Esprit brand itself will remain intact and continue to sell products, although the exact details of this plan are unclear. Stores outside Europe will not be affected by the insolvency. The online shop will continue to operate until the stores close, but customers should exercise caution, as refunds and returns may be problematic during insolvency proceedings. For further updates on Esprit’s developments, more information can be found on various news portals.
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