CASH TO BURN: ESPRIT BUDGETS 1 BILLION ON NEW ACQUISITION

interior of an esprit store.

hong kong, china--esprit is so boring to me that i can't wrap my mind around the fact that people shop there and they actually make a profit. (my sincere apologies if you actually buy clothing there.) with that said, i need to try harder because apparently esprit holdings is doing well enough to have about 1 billion u.s dollars to purchase a "fashion acquisition." according to wgsn.com, the company is planning on investing that sum in the acquisition of a u.s or european fashion company. this is hot on the heels of a recent announcement to open 400 new esprit stores world wide over the next three years. i guess if you build it, they will come.