Fashion
Esprit reports 75% sales drop, shifts focus to licensing
Translated by
Nazia BIBI KEENOO
Published
August 29, 2025
Esprit is now operating primarily as a licensor. Still, management hopes its licensing business will begin generating stronger revenue going forward. Without that growth, the insolvent holding company—under which the brand’s wholesale and e-commerce operations in Europe, Hong Kong, and North America are grouped—may continue to struggle.
In the first six months of 2025, Esprit reported sales from continuing operations of approximately HKD 6.59 million (about €724,000), down 75% from HKD 26.1 million during the same period in 2024.
The decline is mainly attributed to the loss of license income from European trademark rights, which were derecognized in 2024 following insolvency proceedings for the group’s German subsidiaries. The company posted a net loss of HKD 20.8 million, compared to a profit of HKD 9.1 million in the same period last year.
Discontinued operations, however, resulted in a profit of HKD 22.1 million for the period, which contributed to a modest net profit of HKD 1.3 million attributable to shareholders. As of June 30, the holding company employed just 38 people, down from over 500 the year prior.
Despite these setbacks, management intends to continue operations and is shifting its focus toward an “asset-light,” license-driven brand strategy. The model aims to reduce the significant costs tied to procurement, distribution, and retail operations.
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It’s been one hot Summer — both where the weather and textile trends are concerned.
Texworld NYC Summer 2025 drew 423 exhibitors from 26 countries, with highlights including trend showcases, Next Gen Innovation Hub, and the new Deadstock sourcing area.
Texworld LA 2025 followed, spotlighting global pavilions, denim talks, and sustainable sourcing.
The Winter Edition returns Jan 20–22, 2026, at NYC’s Javits Center.
For Spring 2026, there will be no shortage of things to refresh fashion’s palate.
Textile producers are showcasing collections that reflect the industry’s growing emphasis on comfort, sustainability, and technical performance. Across the board, fabrics are softer, lighter, and more versatile, demonstrating how innovation is meeting the evolving needs of designers and consumers alike.
Highlight Reel from Texworld NYC Summer 2025
It was a full house in New York City this summer, with attendees in the thousands exploring what 423 global exhibitors from 26 countries had on offer.
Country Pavilions representing El Salvador, India, Korea, Taiwan, Uzbekistan, and Vietnam offered new sourcing options and strategized ways to navigate the ongoing challenge of uncertain tariffs on trade with the United States. The trend Showcase, curated by DONEGER | TOBE, offered a peek at Fall/Winter 2026/27 inspiration, which focused on “Fundamentals.” It was all about Cool Classics, Bohemian Basics, and Retro Reissues as consumers search for nostalgia in all of its forms, plus an ease of dressing that shifts away from restrictive tailoring.
The Next Gen Innovation Hub featured breakthrough technologies from more than a dozen leading companies, while the new Deadstock Specialty Sourcing area made it easy to see how surplus fabrics can fit into circular sourcing strategies. Suppliers offered novel ideas in the Exhibitor Pitch area, powered by Texpertise, and Textile Talks led by industry experts, including a VIP Tariff Briefing Breakfast with Robert Leo, worked to make sense of the supply chain’s current — and constantly shifting — challenges. Co-located Printsource NYC rounded out the experience, giving buyers direct access to trend-right prints and original artwork for fashion, home, and lifestyle products.
What Went on at Texworld LA 2025
Not long after NYC, Texworld Los Angeles and Apparel Sourcing Los Angeles, together with Printsource, delivered Messe Frankfurt’s signature textile agenda, but West Coast Style. Exhibitors from more than 16 countries were there (including Taiwan and Vietnam) as attendees increasingly look to diversify their sourcing mix. Trend Showcases served as inspiration for new hues and patterns, which were readily available on the show floor, and the Next-Gen Innovation Hub offered innovative new fabrics. The debut Deadstock Specialty Sourcing area offered a hands-on look at more sustainable solutions, while Textile Talks — including a special segment in partnership with Kingpins for all things denim — provided practical insights from industry leaders.
The event reinforced its role as a platform for buyers and suppliers to connect, uncover global sourcing opportunities, and explore sustainable and innovative approaches to the textile market. Looking ahead, the 2026 edition in LA will continue this momentum, expanding its focus on global pavilions, trend-led education, and forward-thinking sourcing features.
New Dates for Texworld NYC Winter Edition
Mark your calendars! The Winter Edition of Texworld NYC will take place January 20 – 22 at the Javits Center in New York City. Expect the same inspiration, education, and connection you got during the summer edition, with a focus on what’s ahead for textiles in 2026 and beyond.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
Translated by
Nazia BIBI KEENOO
Published
August 29, 2025
Groupe Rocher is continuing its strategy of refocusing on beauty and well-being with the restructuring of its Sabon brand, which it acquired in 2016.
On August 18 in Israel, Groupe Rocher signed an agreement transferring the franchise rights for Sabon’s online and retail operations—including its network of 22 stores—to the local Golf group for a period of five years. The deal, valued at 6.5 million shekels (€1.68 million), will, according to Groupe Rocher, “guarantee customers continued access to Sabon products.”
All 92 store employees will transition to the Golf group’s teams. Simultaneously, Groupe Rocher plans to close Sabon’s production site in Kiryat Gat and its logistics center by 2026, a move that could impact up to 180 employees. Production will be consolidated at the Group’s industrial facilities in Brittany, France, reinforcing their strategic role.
Founded in 1997 in Tel Aviv by Sigal Kotler-Levy and Avi Piatok, Sabon has grown into an international brand with 180 boutiques across 14 countries. Since its acquisition by Groupe Rocher—initially 70% in 2016 and fully in 2018—it has become part of a portfolio now being streamlined. The group sold Flormar in 2024 and has initiated the resale process for the Petit Bateau and Stanhome brands, focusing on its core beauty and well-being segment.
In 2024, Groupe Rocher reported sales of €2.2 billion, a 2.4% increase, including €1.1 billion generated by its flagship brand, Yves Rocher. Sabon’s restructuring aims to enhance its global performance, particularly in Asian markets, while reinforcing the value of French industrial expertise.
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The hub is expected to create 10,000 direct jobs and position Lagos as the leather logistics capital in West Africa, according to a statement issued by Gboyega Akosile, special adviser on media and publicity to Lagos state governor Babajide Sanwo-Olu.
The facility will manufacture shoes, bags, belts, packaging bags and other leather products.
Nigeria’s First Lady Oluremi Tinubu recently inaugurated an industrial leather processing and manufacturing unit in Mushin, a trading suburb of Lagos state.
The hub is expected to create 10,000 direct jobs and position Lagos as the leather logistics capital in West Africa.
When fully operational, it is expected to generate more than $250 million annually in export turnover.
The hub would also provide solutions for micro, small and medium enterprises (MSMEs) struggling to meet bulk orders due to limited equipment and capacity, the statement said.
Tinubu said the hub aligned with President Bola Tinubu’s ‘Renewed Hope Agenda’ to accelerate diversification through industrialisation, digitisation, creative arts and manufacturing, according to domestic media reports.
Sanwo-Olu said the hub, when fully operational, is expected to generate more than $250 million annually in export turnover, while over 150,000 artisans would benefit from training and start-up support to boost productivity.
The governor vowed to expand the leather hub through continuous infrastructure upgrades, linking it to fashion districts, e-commerce platforms and rail services.
Fibre2Fashion News Desk (DS)
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