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Examples
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Goldman Sachs downgraded the company to Neutral from Buy Friday, saying it has underestimated the length and severity of Esprit's restructuring efforts, as well as the macro slowdown in Europe.
Esprit Expects 'Significant' Drop in Net Polly Hui 2011
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Essentially, shareholders in the biggest Hong Kong-listed clothier were sent on a wild ride after reporters at a local news outlet tried to make phone calls to some of Esprit's Chinese stores but couldn't get through.
Esprit's Wild Ride Shows Caution Haunting China Duncan Mavin 2011
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Esprit's North American operations posted a HK$1.6 billion loss over the past four years.
Esprit to Abandon North America After 98% Profit Fall Chester Yung 2011
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Esprit's shares have plummeted 68% this year, one of the worst performances among Hong Kong's blue chips.
Esprit Finance Chief Resigns Kate O'Keeffe 2011
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On top of a raft of recent bad news, the allegations sent Esprit's stock plummeting 7.5%.
Esprit's Wild Ride Shows Caution Haunting China Duncan Mavin 2011
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Goldman Sachs downgraded the company to Neutral from Buy Friday, saying it has underestimated the length and severity of Esprit's restructuring efforts, as well as the macro slowdown in Europe.
Esprit Expects 'Significant' Drop in Net Polly Hui 2011
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Fashion retailer Esprit's first-half profit fell 21%, hurt by its struggling wholesale business and shrinking European operations.
What's News 2011
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Following the acquisition of Esprit's remaining interest in its China joint venture, Asia Pacific's contribution to company revenue rose to 14% from 12%, with the region seeing a 12% rise in revenue.
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Fashions haven't been this "supply-driven" (as in "get-the-buyer-in-here") since Esprit's 1980's striped banal T shirtwear collection that was so "Cookout, Everyone!" it launched grunge.
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Several investment banks downgraded their ratings for the stock amid concerns of weakening demand in Europe, which is Esprit's main market.
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