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% […]