Clothing retailer Esprit will close all 56 of its branches in Germany by the end of the year and lay off 1,300 employees there. However, it will continue to sell its goods in this country, which is its most important market, although it is not yet clear in what form. The DPA agency informs about it. The rights to the brand of the insolvent European company are being bought by the British financial investor Alteri, the price of the transaction was not disclosed.
Insolvent German subsidiaries are to be liquidated, their goods sold off. The financial investor will not take over the operational activities, i.e. neither the stores nor the employees. As a result, jobs in the stores and at the head office in Ratingen will be cut.
The Esprit Europe GmbH group filed for bankruptcy in May at the court in Düsseldorf. The court started the proceedings on August 1. Esprit Europe GmbH is the parent company for Germany, France, Belgium, Austria, the Scandinavian countries, Poland and the UK.
Esprit operates in approximately 40 countries around the world. It is headquartered in Hong Kong. Currently the Czech website doesn’t work either companies.
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Special Real Estate Club
Realitní Club is a multi-platform project of the newstream.cz server dedicated to real estate, aimed at the B2B and B2C segment. It has three basic parts – web, print and event with a strong focus on social networks. The Realitní Club special page was the first to launch. The special is divided into four categories that deal with key areas of the real estate market in a “deep dive” manner.
- Brownfields: the vision and future of undeveloped areas, especially in big cities;
- Commercial real estate: offices, coworking;
- New construction: development, rental housing, cooperative housing, mortgages;
- Reality and politics: how municipalities and the highest levels of central politics participate in construction.
They will be included conversations with developers, politicians, architects and designers.
