Esprit appoints new Group Executive Officer and Executive Director

Hong Kong (ots) - Esprit Holdings Limited ("Esprit" or the
"Company") today announced the appointment of Jose Manuel Martínez
Gutiérrez ("Mr. Martínez") as its new Group Chief Executive Officer
and Executive Director, effective on or before the end of September
2012.

"We are delighted that Mr. Martínez, a professional with a wealth
of experience in global retailing, has joined Esprit as our new
Group Chief Executive Officer, and the successor to Mr. Ronald
Van Der Vis," said Raymond Or, Non-Executive Chairman of
Esprit. "Mr. Martínez has a track record of outstanding leadership
that will be critical to executing Esprit's transformation plan. He
is passionate about continuing the work to revitalize Esprit's
brand, and brings with him a unique perspective built from
within the fashion retailing business, and during his many years
as a consultant to our industry."

Mr. Martínez has previously held various senior positions
at Inditex, having most recently held the position of Group Director
of Distribution and Operations where he executed a
commercial distribution model and strategy that was a key factor in
delivering consistent positive growth for the retailer over several
consecutive seasons. Prior to this role, he was the Country Manager
for the Zara brand across Scandinavia, where he had top and
bottom line accountability. Before joining Inditex, Mr. Martínez
spent eight years at McKinsey & Company where he led the firm's
retail and consumer goods practice in Spain.

Paul Cheng, Non-Executive Deputy Chairman of Esprit, added,
"Mr. Martínez's impressive performance, coupled with his
international perspective, will bring enormous value to Esprit as we
continue on our journey to drive growth over the coming years. I
am confident that his energy, integrity and innovative thinking will
help us to take the Esprit brand and business to a leading
position with our global target customers."

Mr. Martínez commented, "I am honoured and thrilled to join
Esprit as the new Group Chief Executive Officer, at this important
chapter in the Company's history. I share the Board's vision for the
Company and the brand, and am fully committed to delivering
on the strategic, operational and financial objectives that will
revitalise Esprit and its brand, and create value for its
shareholders."

- End -

About Esprit Esprit is one of the most well-known apparel brands
in the world, offering smart, youthful, affordable luxury
fashion. The Esprit Group operates more than 1,000 directly
managed retail stores worldwide and distributes its products
via more than 11,000 wholesale locations internationally,
occupying total selling space of over 1 million square metres
worldwide.

For more information, please contact:
Esprit Holdings Limited
Patrick Lau
Tel: (852) 2765 4232
Email: esprit-ir@esprit.com

Asia:
Artemis Associates Geoff Walsh
Tel: (852) 2861 32xx
Mobile: (852) 9097 2065
Email: geoff.walsh@artemisassociates.com

Winnie Lo
Tel: (852) 2861 3234
Mobile: (852) 9780 3978
Email: winnie.lo@artemisassociates.com

Europe:
Hartmut Schultz Kommunikation GmbH
Hartmut Schultz
Tel: 49 (89) 99 24 96 20
Email: hs@schultz-kommunikation.de