HONG KONG -- Fashion brand Esprit Holdings may be listed in Hong Kong, but you no longer can find any of its stores in the territory.
The company retreated from its entire retail business in Asia at the end of June. Mainland China was supposed to be the exception, operated under a joint venture, but the company said in a statement late Tuesday night that the agreement was terminated at the end of July "due to material breach of terms by the contract partner."
