... will buy insolvent German luxury fashion house Escada for an undisclosed price, the company said on Thursday.   " ... ; The crux of the bidding war revolved around who will manage Escada in future.   The consortium around Ley had said it would replace the ... more day-wear rather than the glamorous evening gowns Escada was once known for, the Mittal family source said.   Mittal would ...

... The company purchased Faconnable from Nordstrom in 2007, and Escada’s similar upscale target market would make it ... Capital Partners have all expressed interest in the brand. A decision on Escada's insolvency proceedings could be forthcoming within the next few days. ... ; Auction Ends: 26d 1h Make it yours... ESCADA BLUE HANDBAG US $35.00 & ...

... that the financial backer would likely end up being Sven Ley, the son of Escada's founder, Wolfgang Ley. Ley had formed a ... transferred to Mittal's trust, save those that work to guarantee Escada's bond. While Ley had wanted to replace the current CEO, ... a pretty penny. Gongrats to the Mittal family! And super congrats to Escada, who will manage to stay in the game a lot longer now.

... -year-old Megha Mittal won the bidding war for Escada. She notably beat out an offer by Sean Ley, ... 8217;s founder. Mittal will buy Escada for an undisclosed amount. Current CEO Bruno Saelzer ... CEO Saelzer’s plan of turning Escada into an affordable luxury label by adding more day ... fashion investment for about a year. Day-wear from Escada? Count me in! I’d love to see a line with elegant ...

... Ley, founders of fashion brand Escada. On the one hand, the Escada name and brand is saved from bankruptcy and will ... won a bidding war with Sven Ley, son of Escada founder Wolfgang Ley who had teamed up with Italian investment group ... store in Paris) to save the insolvent brand from bankruptcy. Escada will now be owned by a Mittal family trust. The least we can say is that the credit crisis and ...

Examiner.com Bidders Rally To Save Escada Luxist (blog) The NY Post reports that the owner of Faconnable may buy the German fashion house. Beirut-based M1 Group purchased Faconnable from Nordstrom for $210 … Son of Escada founder bids for German fashion houseReuters A fashion coupNew York Post Who will save Escada?Examiner.com all 9 news articles »