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Zara Clothing Company

Cut From The Same Cloth: Esprit Tries On Zara For Fashion Makeover

By Clare Baldwin and Sarah Morris HONG KONG/MADRID (Reuters) - Esprit Holdings' chief is doubling down on a bet to fix the struggling clothing retailer he took charge of a year ago by revamping its existing business model and recreating it in the image of his former employer-now-rival, Zara. Jose Manuel Martinez Gutierrez, 44, has stacked his management suite with veterans of Zara owner Inditex The former McKinsey consultant and supply-chain whiz has laid the foundations for Esprit's recovery over the next 12-18 months with his nuts and bolts overhaul - he cut 10 percent of Esprit staff in the past year - but the real gauge of success will be in growing sales. "Our business figures are extremely far from our goals and expectations," he acknowledged in a letter to shareholders in Esprit's most recent annual report in October.

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Company Clothing Zara

Dark message on clothes tags. SHOPPERS at Zara have been stunned by deeply disturbing messages found attached to some of the store's garments. Source 8z.

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Fact is a lot of the things we buy are manufactured using modern day slavery. When we find out we need to stop buying from these places or we become part of the slave trade.