Esprit shows its spirit

Esprit Holdings has pulled its European IPO in the face of underwhelming investor interest.

Nick Lord

June 28, 2000

Esprit Holdings û the Hong Kong-based global apparel company û has announced that it has postponed the IPO of its European operations û Esprit Europe. The share sale was supposed to be launched today on the Frankfurt Stock Exchange but the company decided to pull the plug at the very last minute. The questions on everyoneÆs lips is æwhy?Æ

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