Esprit is a global fashion brand celebrating its 40th anniversary in 2008. It is committed to sustainability and corporate social responsibility. This includes ensuring fair working conditions for employees and suppliers, charitable donations, and community involvement through volunteer activities. Esprit works to improve lives through various social projects focused on education in India and supporting UN development goals through its youth brand, edc by Esprit. Financially, Esprit achieved 25.6% revenue growth in 2008 with a net profit of HK$6.5 billion.
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Esprit is a global fashion brand celebrating its 40th anniversary in 2008. It is committed to sustainability and corporate social responsibility. This includes ensuring fair working conditions for employees and suppliers, charitable donations, and community involvement through volunteer activities. Esprit works to improve lives through various social projects focused on education in India and supporting UN development goals through its youth brand, edc by Esprit. Financially, Esprit achieved 25.6% revenue growth in 2008 with a net profit of HK$6.5 billion.
Esprit is a global fashion brand celebrating its 40th anniversary in 2008. It is committed to sustainability and corporate social responsibility. This includes ensuring fair working conditions for employees and suppliers, charitable donations, and community involvement through volunteer activities. Esprit works to improve lives through various social projects focused on education in India and supporting UN development goals through its youth brand, edc by Esprit. Financially, Esprit achieved 25.6% revenue growth in 2008 with a net profit of HK$6.5 billion.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPT, PDF, TXT or read online from Scribd
Esprit is a global fashion brand celebrating its 40th anniversary in 2008. It is committed to sustainability and corporate social responsibility. This includes ensuring fair working conditions for employees and suppliers, charitable donations, and community involvement through volunteer activities. Esprit works to improve lives through various social projects focused on education in India and supporting UN development goals through its youth brand, edc by Esprit. Financially, Esprit achieved 25.6% revenue growth in 2008 with a net profit of HK$6.5 billion.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPT, PDF, TXT or read online from Scribd
• In 2008 Esprit celebrates its birthday with a number of activities across all divisions and licence partners. Customers may look forward to countless specials and events .. Social responsibilities • As a global company, Esprit believes in developing and maintaining sustainable relationships with all stakeholders. We demonstrate this commitment by acting imaginatively and consistently in the communities where our employees, business partners and customers live and work. Responsibilities to employees
• Esprit recognises the importance of
human capital. Our continued success depends on the commitment, enthusiasm and energy of our staff around the world. We are committed to developing a positive and respectable working environment that encourages collaboration and cooperation between employees. The Group promotes internal communications and we welcome ideas and feedback from our staff. • During the financial year, a "Live Esprit" campaign was implemented with the aim of promoting team spirit and creating a global culture for all our employees located around the world. Through quarterly newsletters and the Group’s global intranet, we aim to improve company-wide communications and to connect our employees around the world to the Esprit family. Responsibilities to business partners • We are also committed to conducting business in a responsible and suitable manner. Social audits were carried out during the year to ensure suppliers maintain and uphold these standards.
We have also become a member of the Business Social
Compliance Initiative (BSCI) established by the Foreign Trade Association (FTA) this year, and have communicated to vendors the significance of BSCI certifications as the appropriate accreditation to signify their compliance with human rights and minimum social standards. CSR • Through grants, donations in kind and volunteering activities, Esprit and its employees worldwide take pride in making contributions to the community. The Group made HK 1 million in charitable donations this year. These included the participation of Hong Kong staff in “Walks for a Million” organised by the Community Chest, ribbons sold in stores to raise funds for the National Breast Cancer Foundation and financial support to charitable organisations. CSR • In response to the South Asian tsunami, Esprit launched a global fund-raising campaign during financial year 2004/2005, calling for employee donations to help victims affected by the disaster. The Company also made matching donations to support and promote active participation in the campaign. Approximately HK 1 million was jointly donated to local and international relief agencies, including the Red Cross and Unicef, to help relieve suffering and to reconstruct permanent housing for tsunami victims. Quality first
• Esprit is an international youthful lifestyle brand offering smart,
affordable luxury and bringing newness and style to life. The Group offers 12 product lines encompassing women’s wear, men’s wear, kid’s wear, edc youth as well as shoes and accessories through over 640 directly managed retail stores and over 12,000 wholesale points-of-sale worldwide, occupying over 817,000 square metres directly managed retail space in more than 40 countries. Esprit licenses its logo to third-party licensees that offer products bearing the same Esprit quality and essence to consumers. Esprit also operates the Red Earth cosmetic brand which includes cosmetics, skin care and body care products. Esprit is listed on the Hong Kong Stock Exchange since 1993 and is a constituent stock in the Hang Seng Index, MSCI Hong Kong Index, FTSE All-World Index for Hong Kong and S&P/HKEx LargeCap Index and S&P Asia 50 Index. Product Lines • 12 collections are produced for six order dates per year and product line for kids & edc youth by Esprit, Esprit shoes and ESP Esprit sports. • The 12 collections • women casual, men casual, women collection, men collection, de.corp ESPRIT URBAN CASUAL, edc by Esprit, edc men and accessories could be ordered monthly. • Four collections are produced per year for Esprit bodywear. • Although the company focuses on the product and price/performance ratio, Esprit also invests continuously in quality and fit – high standards that are also maintained in manufacture.
Esprit’s various product areas consist of
individual divisions that are organised as independent corporate units. Product Overview • Women • Men • Kids • Swimwear • Accessories • Shoes • Timewear Product Overview • Jewel • Eyewear • Fragrances • Socks and tights • Home • Baby carriages • Baby furniture • Maternity Products they identify India for • Women • Men • Kids • Bodywear • Accessories • Shoes • Timewear • Eyewear • Baby carriages • Kids’ shoes a 3.0 billion € business worldwide Business model
• 12 monthly collections per year, short lead
times, low risk • high realised margins, improved cash flow • strategically positioned between vertical retailers and upper brands • wide consumer target group • high-quality products at value-for-money prices Latest news • Esprit builds SOS Children’s Village in India • SOS Children’s Villages has been a cooperation partner of Esprit for many years. In 2008, this partnership will enter a new dimension. “The Esprit partnership is characterised by a particularly serious and great commitment of the partner who wants to really make a difference with joint projects”, explains Thomas Marschall, SOS Children’s Villages worldwide. And Heinz Krogner, Esprit’s Chairman and Group CEO, is also very pleased: “With this project, we can pass on the success of the Esprit brand in a way that makes sense and is fully in line with the Esprit philosophy”. The project focuses on education and support, which mainly aims to help girls and women to lead their life as strong characters. • Since 2008, Esprit has been involved in six different projects, which focus on the strengthening of families, in the New Delhi area. Chasing the dream • Edc by Esprit goes for the millennium goals • „Chasing the dream“ is a campaign to support the achievement of the eight millennium development goals the United Nations have committed to accomplish by 2015. At www.chasingdream.de all young „earthkeepers“ in Germany are encouraged to participate and upload their photographic interpretation of these millenium goals. Joining the campaign is only one of several engagements edc by Esprit is taking for the welfare of young people around the world.
• Edc by Esprit is a longstanding promoter of different worldwide
initiatives for the benefit of children and young adolescents. The company is thus very happy to advertise publicly the UN’s develpoment goals to a bigger audience. Edc by Esprit wants to call young peoples attention to their perspectives in life, become aware of the global issues and take an active part in designing the future of our planet. Financial Information • Turnover: HK $37.2 billion(25.6% growth)
– Net profit – HK $6.5 billion
– EPS – HK $5.21 per share Latest News • edc by Esprit and MTV continue extensive partnership for the 2008 MTV Europe Music Awards • MTV Networks International and edc by Esprit are pleased to announce that edc will again be sponsoring the 2008 MTV Europe Music Awards (“MTV EMAs”). The Awards ceremony will take place on Thursday 6th November at the Liverpool Echo Arena, Liverpool.