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Esprit to cut jobs, products as part of turnaround plan

November 26, 2018 3:54 PM
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(Reuters) - Esprit Holdings Ltd (0330.HK) will cut about 40 percent of its non-store jobs and reduce the number of products its sells in stores as the fashion group restructures in the wake of tough competition from online and fast-fashion retailers.

The company said it plans to reduce the line of products by up to 30 percent and push for more neutral colors, such as black, white, grey and beige for clothing.

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