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Esprit plans to axe 40 per cent of its non-store workforce as part of a radical restructure repositioning the brand for future growth. The bold Esprit revamp plans were laid out in an investor presentation which revealed a new positioning statement for the company. Senior management has led by example, the executive team already culled from 13 to just six, although the company is recruiting two more: a chief product officer and a CEO for Europe and the Americas.

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It's a tough assignment. Few would have imagined this fall from grace back in the early s, when Esprit was the teenage clothier. But those stores reinvented themselves, and Esprit -- a purveyor of brightly colored and patterned casual wear -- missed some major fashion shifts, including a move in the mids to a more sober style.

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Two new Esprit stores opened in Europe this month give an insight into the new direction of the embattled brand as it rebuilds. In the historic centre of Liege in Belgium a new sqm boutique stocks only womenswear. A standout feature is a denim wall standing in front of a brick wall painted in light grey.

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So what we have aimed for is a fresh collection combining the traditions of German craftsmanship with modern know-how and sophisticated details, one capable of winning through on the market. The idea, meanwhile, is to generate a single, global line bringing together the European and Asian markets and thus meeting the demands and preferences of both cultural areas in terms of both function and looks. THE DESIGN Creativity, long years of experience with, among other things, the Asian Esprit Home Collection, and consolidated know-how in the textile sphere have come together, making for a collection rich in variety that meets high quality standards in terms of workmanship and visual impact. The designs are based on many-faceted jacquards woven on our own looms, complemented with oriental techniques and finishing touches.

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Don't have an account yet? Get the most out of your experience with a personalized all-access pass to everything local on events, music, restaurants, news and more. Theater Esprit Asia, a new company founded by playwright, actor and choreographer Maria Cheng and stage, film and television veteran Tria Xiong, will start its inaugural season on May 30 at Aurora's Vintage Theater ; the lineup will feature plays by Cheng, Rick Foster and Julia Cho.

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Esprit does not see the light at the end of the tunnel yet. The fashion group enlarged its losses in the first half of the year after launching a restructuring plan last November. In the first six months, the group registered 1. Between June and December, the group registered a revenue of 6.

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