Esprit Holdings announced on the HKEx that after careful consideration, the board of directors of its wholly-owned subsidiary, Esprit Switzerland Distribution AG (CHDA), decided to apply to the bankruptcy proceedings of CHDA's assets to the bankruptcy court in Bülach, Switzerland. The company is mainly engaged in wholesale distribution of outfits and accessories in Switzerland. Based on CHDA's current financial situation, CHDA is heavily indebted and it will no longer be possible to continue its business. The board of directors of CHDA believes that it is appropriate to initiate the bankruptcy proceedings.
思捷环球：一间瑞士附属公司提交破产申请
Esprit Holdings: A Swiss subsidiary has filed for bankruptcy.
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