Billionaire Michael Ying, 75, owns a 15% stake in Espirit Holdings Limited which is a fashion retailer. The company which he founded has 770 retail stores in 40 countries.
Espirit distributes to 15,150 wholesalers worldwide. The company was established in 1968 when Doug and Susie Tompkins started selling cloths out of their station wagon in San Francisco.
Espirit Holdings Limited offers footwear, clothing, accessories, house ware and jewelry. It operates in America, Asia and Europe.
The brand has been listed on Hong Kong Stock Exchange since 1993.
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