Esprit Extends Closure Timeline for 30 German Stores to January

The fashion retailer delays planned closures to capitalize on holiday sales as it winds down operations following insolvency.

Esprit will keep 30 of its 56 German stores open until the end of January 2025, extending the original closure timeline set for November 2024.
The decision was made to take advantage of the holiday shopping season, including Black Friday, and maximize sales of remaining inventory.
The company filed for insolvency for its European operations in May 2024 and announced in August that all German locations would be closed and liquidated.
Approximately 1,300 employees are losing their jobs, though some have agreed to remain with the company temporarily to support extended store operations.
The European rights to the Esprit brand have been sold, with Deichmann acquiring rights for footwear and Theia Group taking over the textile segment.