Loss-making Esprit India to shut operations by year end

Global retail giant Esprit  is exiting India by the end of 2012. It had entered India in 2005 through a distribution deal with Madurai Fashion  and retail, Aditya Birla Group’s lifestyle retailer. Company sources reveal that the Esprit in India was suffering losses of about Rs 20-25 crore per annum, which made it unviable for […]