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In reply to the discussion: Hope this isn't going to be a trend: Obama losing financial backing of big S.F. donor [View all]riderinthestorm
(23,272 posts)This is just a convenient timing for her to spew about "disappointment" since she doesn't have the same cash flow anymore....
Esprit to Close All Stores in Unprofitable North America
http://www.businessweek.com/news/2012-02-08/esprit-to-close-all-stores-in-unprofitable-north-america.html
Feb. 1 (Bloomberg) -- Esprit Holdings Ltd., the clothing retailer struggling to recover from last years 98 percent earnings slump, plans to close all stores in North America after failing to find a buyer for the unprofitable business.
Hong Kong-listed Esprit intends to focus on finding one or more license partner to maintain the brands presence in North America, said Patrick Lau, head of investor relations and mergers and acquisitions, in an e-mailed statement. The U.S. and Canadian subsidiaries havent decided on whether to file for Chapter 11 or equivalent Canadian proceedings.