Blog

Oh Escada: Luxury Fashion House Cannot Afford Luxury

Luxury fashion house Escada is about to fall. Escada just told the world that it needed about $41 million in liquidity by October 31, 2010. That would be the money needed just to make up for the year-on-year loss on Escada’s hands. The future doesn’t Luxury fashion house Escada is about to fall. Escada just told the world that it needed about $41 million in liquidity by October 31, 2010. That would be the money needed just to make up for the year-on-year loss on Escada’s hands. The future doesn’t look pretty for the fashion house which just reported first quarter earnings at about a $9 million loss, ouch.  Chief Financial Officer Markus Schuerholz said that an effort to restructure and raise additional capital will get underway in the next few weeks. Good luck Escada, you’re going to need it. look pretty for the fashion house which just reported first quarter earnings at about a $9 million loss, ouch.  Chief Financial Officer Markus Schuerholz said that an effort to restructure and raise additional capital will get underway in the next few weeks. Good luck Escada, you’re going to need it.

Leave a Reply

Your email address will not be published.