Skip Nav
Summer
How to Live Out the Rest of the Summer in Your Favorite Wardrobe Staples
Blake Lively
11 Photos That Prove Blake Lively Is Slowly Morphing Into Gossip Girl's Blair Waldorf
Jennifer Aniston
Jennifer Aniston's Dress Looks Like It's Covered in Polka Dots — Until You Zoom In

Escada Is In Deep Trouble

>> The fate of embattled German fashion house Escada has taken a turn for the worse.  The brand has suffered from weak sales for several seasons and the company collapse projected in May is currently looking probable, according to an interview with Escada chairman Bruno Saelzer published yesterday in German newspaper Welt Am Sonntag

Saelzer confirmed the Escada group is in a difficult situation, indicating it had enough liquidity to last until August but not beyond; if an alternative solution is not found, the business will be dissolved after that point.  The company has put a debt restructuring plan to its creditors which must be approved by 80 percent of them before July 31; otherwise, Saelzer said it would be “inevitable” that Escada cease trading because “98 out of the 99 possible measures” to save the company had already been taken.

Around The Web
Join The Conversation
Miranda Kerr's Gold Pants Street Style
Miranda Kerr 2014 Ad Campaigns | Video
Lea Michele at the 2011 Met Gala in Escada
Kerry Washington in Escada at the 2011 Met Gala
Diane Lane Style
Jonathan Saunders To Design Capsule Collection for Escada Sport
Jane Krakowski at the 2010 Emmy Awards

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Fashion
X