Esprit Holdings Limited has announced its final results for the year ended June 30, 2008. Posting a 25.6% increase in group turnover to $4.76 billion, the Group’s net profit was also up 24.5% to $830 million. Retail comp stores also grew by 6.9%. “Turnover growth was fueled by our strategic expansion plan,” said Thomas Grote, President of Esprit in a press release. “This year, we invested over HK$1.3 billion in capital expenditure and drove the Group’s total selling space to over 1,000,000 sq. meters, comprised of directly managed retail and controlled wholesale selling space. In addition, we have entered retail markets in Spain, Norway and Finland and have launched the new concept, de. corp.” Grote added: “In the coming year, we will continue to seek growth opportunities and target to invest over HK$1 billion to further strengthen our global presence.” Overall, the company posted its 16th straight year of consecutive growth. Esprit celebrates 40 years in the business in 2008, beginning as a popular teen brand in the 1980s to become a global casual sportswear giant, with approximately 640 directly-managed retail stores and 12,000 wholesale POS globally. The company is also one of the largest vertically-integrated clothing distributors worldwide.