Monday, 24 August 2009

All May Not Be Lost For Bankrupt Escada – 24/8/09

Will LVMH Moet Hennessy Louis Vuitton SA or PPR SA come to the rescue of German brand Escada? Or will the institutional investors who are sniffing around save the day? We’re not sure, but we were sure glad to read this good news in a Bloomberg article, as we thought any heroic rescue attempts were lost for Escada.

For background information on Escada’s recent financial crisis, see The MO Down for 14 August (Escada Officially Insolvent). There’s also another more detailed article on 13 August.

Article by: Melinda O'Rourke
Posted by MO at 8:59 am
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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au