Mark Daley, has been appointed new CEO of the Esprit group from January 1, after the departure of CEO Anders Kristiansen. Daley, whose fashion and retail distribution career spans three decades, has been for the last two years the CEO of US apparel brand Billy Reid. Between 2010 and 2015, Daley was president Asia-Pacific for Ralph Lauren.
Along with Daley's appointment, Esprit announced hiring of Yung Ting Wan as chief product development officer. Yung Ting Wan is an academic who has also worked for several Asian fashion brands, and was formerly assistant professor at the College of Art and Design at the Beijing University of Technology.
Esprit's new management team is based in Hong Kong now, while the group’s headquarters were previously located in Germany. In the 2019-20 financial year, closed on June 30 2020, the group's sales had fallen by 23.6%, down to HKD9.874 billion (equivalent to €1.09 billion).