Esprit has decided to terminate negotiations for the sale of its Greater China business after failing to reach a binding agreement with a Hong Kong-based potential investor. Facing insolvency applications for its European subsidiaries, Esprit cited unfavorable terms from the investor that did not align with its economic expectations. The proposed deal, which could have included the sale of brands and associated rights for $47.5 million, lacked economic viability for Esprit. The company is now exploring other offers.