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View Full Version : Esprit Holdings Falls as Merrill Cuts Rating to 'Underperform' - Bloomberg



NewsWhore
05-18-2009, 12:50 AM
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Esprit Holdings Falls as Merrill Cuts Rating to &#39;Underperform&#39; (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaVbDWSSJdtm0%26refer%3Dhome&cid=1354170947&ei=TusQSprKHsyp_gaJnujoCA&usg=AFQjCNG-uEVi-mRM7O9kwR4BSkXef2jhPQ)
Bloomberg
Esprit, which makes 85 percent of sales in Europe, said May 13 sales in the nine months ended March fell 2 percent to HK$27.2 billion ($3.5 billion) as the local currency gained against the euro. “Esprit is facing strong macro headwinds,” the analysts ...


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