Escada Fighting For Survival
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 said that an attempt to raise urgent funds by restructuring and raising further capital will be made over the next […]
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 said that an attempt to raise urgent funds by restructuring and raising further capital will be made over the next few weeks.
The announcement followed the first quarter earnings report that indicated a €6.3m loss.
