November 10th, 2009
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 accessories has 182 own and 225 franchise shops in more than 60 countries.
Earlier, in August the iconic fashion house filed for insolvency after declining sales had a negative impact on the balance sheet of the company.
Posted in Luxury Trends
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