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Esprit Holdings (00330.HK): NLEB initiates bankruptcy proceedings.
On July 22, Gelonhui announced that the board of directors of Esprit Europe B.V. (NLEB), a wholly-owned subsidiary of the company, after careful consideration, decided to (i) apply to the Amsterdam District Court of the Netherlands to initiate the bankruptcy proceedings of NLEB’s assets, and (ii) subsequently apply for bankruptcy on July 22, 2024. NLEB is a company registered in the Netherlands and is the company's wholly-owned subsidiary indirectly engaged in wholesale and retail of outfits and accessories in the Netherlands, as well as trademark licensing. According to the Group's
A Dutch subsidiary of Esprit Holdings (00330) has filed for bankruptcy.
Esprit Holdings (00330) announced that Esprit Europe B.V. (NLEB...
Express News | Esprit Holdings - Esprit Europe B.v. Resolved to Apply for Insolvency Proceedings Over Assets at District Court of Amsterdam
Express News | Esprit Holdings Ltd - Insolvency Filing by a Dutch Subsidiary
Esprit Halts Trademark Disposal Talks in Greater China
Esprit Holdings (HKG:0330) has stopped negotiations concerning the disposal of its trademark and rights in the greater China region, the company said in the Thursday filing on the Hong Kong bourse. Th
Esprit Holdings (00330.HK) plans to stop selling its trademark and major domain names in the Greater China region.
On July 4, Glon Hui announced that Esprit Holdings (00330.HK) plans to sell trademark matters along with all related rights and interests, as well as major domain names in Greater China. As of the date of this announcement, the company has not entered into a legally binding agreement with potential investors regarding the potential sale. Due to the unfavorable terms and conditions offered by potential investors and the failure of negotiations with potential investors to bring any commercially viable results to the company, management has decided to stop negotiating potential sales. The company has received proposals and offers for potential cooperation and/or investment from multiple independent third parties (the "proposals"). On the advice of legal counsel, the company is in the process of engaging financial and legal advisors to evaluate the proposals.
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