Esprit’s revenues rose to HK$8.3 billion (1billion) in 2021. As per a Fashion Network report, the brand’s net profit surged to $381 million during the year. Gross profit surged by 7 per cent to 48.6 per cent.

The brand’s revenues during the year were affected by lockdowns in major European markets in Q1 and further restrictions in Q4. However, it still managed to generate strong revenues across all three sales channels including e-commerce, wholesale, and owned retail stores). The brand also benefitted from selling fewer discounted products from the company’s retail business compared to 2020.

In the coming year it aims to become a truly omni-channel brand and enhance its product portfolio, says Pal William Eui Won, CEO and COO.