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At its highest point, Esprit Holdings’ market capitalization was over US$20 billion. Since the financial crisis in 2008, Esprit Holdings has faced a series of financial and market-share setbacks. [14] [15] With the onset of the COVID-19 pandemic, Esprit gradually closed all stores in China, Taiwan, Singapore, Hong Kong, Malaysia, and Macau. [16]
Robinsons exited Singapore and Malaysia in 2020 due to the COVID-19 pandemic.In August that year, Robinsons announced the closure of its Jurong East Mall outlet, [9] followed by their main outlets at The Heeren and Raffles City on 30 October, ending its 162-year history and joining the list of closures in the city-state, such as Topshop, Hotwind and Esprit Holdings.
In 2020, due to the circuit breaker measures as a result of COVID-19 pandemic in Singapore, the Great Singapore Sale was cancelled on 3 May and moved online from 24 August, making it the first online GSS in its 26 year run. [5] In 2021, the Great Singapore Sale [6] teamed up with online shopping platform Lazada [7] and transformed the retail scene.
LW Stores – furniture, hardware, home, grocery, health & beauty, clothing liquidation retailer; Marks & Spencer – British retailer's Canadian stores first opened 1973 and closed 1999; Metropolitan – discount department store chain (1908–1997); sister chain of SAAN Stores and Greenberg Stores, later converted to the SAAN name
Global Fashion Group (GFG) was established in 2014 through a consolidation of fashion e-commerce regional companies backed by Kinnevik and Rocket Internet.Its regional companies Dafiti, Lamoda, The Iconic, Zalora and Jabong (later sold) were founded in 2011 and 2012.
In the mid 2000s, Esprit Holdings Limited generated worldwide sales of around EUR 3.25 billion (as of 30 June 2008). Esprit operates in more than 770 retail stores worldwide and distributes products to more than 15,150 wholesale locations around the globe. Esprit has more than 1.1 million square meters of retail space in 40 countries.
In 1974, Khan set up The Link boutique along Orchard Road in Singapore at the Mandarin Hotel. It's a designer store with luxury Italian and British designer labels including Genny and Jean Muir. Unexpectedly, Khan sold the store in 1982 to Singaporean fashion retailer Tina Tan-Leo, married and moved to Malaysia. [citation needed]
Johor Premium Outlets (JPO) is a mall in Indahpura, Malaysia with 130 designer and name brand outlet stores as of 2021. [1] The center is operated by Genting Simon Sdn Bhd and is part of the Genting Simon Group, which is a joint venture between Genting Plantations Berhad and Simon Property Group.