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home | Escada

Escada

Escada in "Search for Investors"
(Source: LuxuryBrandNetwork.com)
Munich-based Escada AG is seeking investors to rescue it from insolvency. The company filed for protection in August after a planned bond exchange failed. . . . keep reading

Escada Saw 15.2% Revenue Drop
Escada sales for the fiscal year ended 31 October 2008 fell 15.2% to €582.1 million at constant currency rates compared to the prior year. Including the effect of currency, the decline was 13.1%. . . . keep reading

Escada Sales Drop 15.7% in 2008 (1/4)
Escada announced significant drops in sales and profit for its fiscal year ended 31 October 2008, with the bad news accelerating in the fourth quarter. While sales for the year were down 15.7%, "clear consumer restraint" in the fourth quarter contributed to a 17.7% drop in the last period. . . . keep reading

Escada Denies Insolvency Report (12/9)
Escada has responded swiftly to a report in Germany's Focus magazine that it was meeting with banks to negotiate bankruptcy options. The company said that a reported meeting of Escada's Supervisory Board in which insolvency was discussed "is pure speculation and not founded on any facts." . . . keep reading

Escada Outlook Grim as Rumors Swirl
Munich-base Escada announced disappointing results for its latest quarter and indicated it did not foresee a change in fortunes for the near term. . . . keep reading

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