Overview

• Esprit officially shut down its last 30 stores in Germany at the end of January 2025, completing the closure of all 56 locations initially planned by November 2024.
• The closures follow Esprit's insolvency filing for its European operations in May 2024 due to financial difficulties and the failure to find a buyer.
• Germany, once Esprit's largest market with around 170 stores, now sees the brand's complete exit after nearly four decades of operation since its first store opened in Cologne in 1986.
• European brand rights for Esprit have been sold to Deichmann, focusing on footwear, and Theia Group, specializing in brand management, with future product availability in Germany still uncertain.
• At its peak in 2010-2011, Esprit operated over 1,100 stores globally, but by 2023, this number had dwindled to around 150, reflecting the brand's steep decline.