Megha Mittal will buy the luxury fashion house Escada for an undisclosed price, the company said on Thursday and keep CEO Bruno Saelzer onboard.
Escada, an international fashion group for women's apparel and...
German fashion company Escada AG filed for bankruptcy after being unable to obtain sufficient financing, a Munich district court said Thursday.
The company carries around $100 million in debt and has struggled over the past...
Luxury fashion house Escada is on the brink of collapse after announcing today that it needs €30 million in liquidity by October 31 to make up for the year-on-year loss.
Chief Financial Officer Markus Schuerholz...