Esprit investors cheered by ex-chairman raising stake

Shares of Esprit Holdings Ltd jumped as much as 33 per cent on Thursday after its former chairman increased his holding in the Europe-focused fashion retailer, fuelling hopes he would play a bigger role in the company.

Esprit, which sells everything from bed sheets to jeans and generates three-quarters of its sales in Europe, performed well under the leadership of Michael Ying, who stepped down in 2008 as a non-executive director.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1082940/esprit-investors-cheered-ex-chairman-raising-stake