INVESTORS CHEER AS ESPIRIT HIRES INDITEX MAN

SHARES in Hong Kong-listed Esprit soared by 28 per cent yesterday as investors cheered the appointment of an executive from rival Inditex. Struggling Esprit has lured Jose Manuel Martínez Gutiérrez – most recently group director of distribution and operations at the Spanish retail giant – as its new chief executive, effective from the end of September.