Esprit has entered into an agreement with online retailer Deichmann. This mean that Esprit’s new footwear line will be available at the online and offline platforms of Deichmann.

Esprit, a fashion retail giant offers high quality fashion for men, women and children as well as the latest fashion accessories and furnishings. Esprit is in the middle of a restructuring process. Esprit has committed to increase sustainable viscose production. The fashion brand will work with suppliers and viscose manufacturers to move to a closed loop production system by 2023-25. With this, Esprit commits to improve the manufacturing process of viscose and modal fibers. The German company closed the first nine months of its fiscal with a 16.1 per cent drop in revenues. Deichmann is the biggest footwear group by revenue in the world. Deichmann, based in Germany, operates in 25 European countries and the United States, and generates 60 per cent of its income outside Germany. Deichmann has extensive growth plans for 2019. Investments will be made both in the modernisation of the store network and the opening of new brick-and-mortar stores, as well as in internationalisation and digitalisation. For 2019, the group is planning on opening 229 new stores worldwide and modernising 256 stores.