Hong Kong – Esprit Holdings, the Hong Kong-listed casual fashion brand, is expected to report a net loss of about 3.9 billion Hong Kong dollars ($503 million), according to a profit warning issued last month. Esprit’s troubles began years before the pandemic, however.

The company has been struggling to keep up with changing consumer tastes and how people buy their clothes. On top of results, Friday’s disclosure is expected to shed light on Esprit’s latest restructuring plan.