Escada

The Business

This Morning’s Fashion Biz News: J.Crew Almost Settled, Burberry and Richemont Leap Again, and Escada Gets Bar-ed

The financial markets in the US were closed yesterday, which in turn made things in Europe–as well as behind-the-scenes here–much more exciting.

The most critical news: J.Crew is close to settling a lawsuit regarding its takeover. Some public shareholders felt that J.Crew’s Mickey Drexler accepted an offer for the company that was too low–$2.86 billion–and they want to be compensated. Those shareholders will receive $10 million for settling, and J.Crew will entertain other potential offers until February 15. (Although Reuters is reporting that there haven’t been any rival bids, which means the deal is likely to go through next month.)

Over in Britain, the morning’s big stories are Burberry and Net-a-Porter.

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Finding Your Ideal Creative Director Is Tough, So We Offer Some Suggestions

Finding a new creative director for a brand is a painstaking process. Not only do you want someone whose aesthetic lines up with the brand’s image, but there’s contracts, availability, and a ton of paperwork before a collection sets foot on the runway.

In this process, sometimes bad decisions are made. Like Alessandra Falchinetti at Gucci or Marco Zanini at Halston, short lived, unprofitable directorships are plenty in the fashion industry. Not every decision puts a Giles at Ungaro, nor is every rumor about a Pugh at Mugler.

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  • Wednesday, Apr 14, 2010 / 2:21 PM

Escada Files Bankruptcy

Despite this week’s rescue attempts, Escada filed bankruptcy in a German court this morning. The label, which was founded in 1978 has been better known as the target of the anti-fur movement than for its clothes these past few years. Aside from the red asymmetrical dress Katherine Heigl wore to the Oscars two years ago, [...]

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Mid-Day Snack

Mid-Day Snack

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Escada On Brink of Bankruptcy

On the heels of the likely last showing by Christian Lacroix last week at couture comes word that another design house might not see the end of the summer. Things are also not looking so rosy over at Escada. The company is attempting to enter into a debt restructuring plan this week, but this is [...]

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Makeup

Lydia Hearst Lands Escada Campaign

Lydia Hearst may look like Strawberry Shortcake on the current cover of Missbehave, but she’s got something a little sexier happening soon: The blonde-redhead is the newest face of Escada perfume. We hear Miss Lydia will pose for the German luxury label in their latest slew of fragrances, which will probably be called “Tropical Sex” [...]

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