Esprit Holdings Ltd, the world's fifth-largest fashion chain, is eyeing acquisitions in the high-end market to build value, as it focuses on growing its North American and Asian businesses, its newly appointed chairman told Reuters yesterday.
"The holdings company could buy other established brands, but not just for the sake of buying more turnover," group CEO Heinz Krogner said. He took on the additional role of chairman on Tuesday following Michael Ying's departure.
Ying, who had been chairman of the board since 1993, has been re-designated a non-executive director.
