Esprit reportedly seeking investment to avert collapse of European business.

Esprit, a clothing retailer, is reportedly seeking potential investors to help restructure and turn around its struggling European business. The company's revenues have been declining and operational expenses are increasing. Esprit is engaged in discussions with an international private-equity firm regarding potential investments, and the investor has expressed interest in partnering with Esprit in its European, North American, and Asian markets. Esprit recently issued a profit warning after incurring a net loss for the year, citing factors such as the unfavorable macroeconomic environment and ongoing geopolitical tensions. [Extracted from the article]