Lone Pine Trims Esprit Stake

Lone Pine Capital (Lone Pine) recently trimmed its stake in HK-listed Esprit Holdings (Esprit). According to a filing made to the Hong Kong Stock Exchange on March 1st, 2017, the firm sold 50,000,000 shares on the exchange at an average price of HKD 7.10 per share. Following the sale, Lone Pine’s stake in Esprit decreased from 12.63% […]