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By
Reuters
Published
Oct 15, 2009
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Esprit says mulls JV stake buy from China Resources

By
Reuters
Published
Oct 15, 2009

HONG KONG, Oct 15 (Reuters) - Esprit Holdings (0330.HK), the world's No. 6 fashion retailer by market value, is considering buying the remaining stake in a China joint venture from partner China Resources Enterprise (0291.HK), Esprit's chairman said.


Photo: www.esprit.co.uk

But there have been no discussions between the two companies yet, Heinz Krogner-Kornalik told reporters.

"Esprit holds the Esprit brand and is the brand owner, so we are the natural successor," he said.

The joint venture is 49 percent owned by Esprit and 51 percent by China Resources. (Reporting by Fion Li; Editing by David Cowell)

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