52
Fashion Jobs
ZALANDO
Head of Engineering - Emerging Propositions
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Beauty Advisor - Sokos Helsinki (Fulltime Temporary)
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Full Time Beauty Advisor - Vantaa Airport, Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
Permanent · TURKU
MUJI
Avoin Hakemus - Myymälä
Permanent · HELSINKI
MUJI
Avoin Hakemus - Ravintola
Permanent · HELSINKI
JACK & JONES
Myyjä Jack & Jones Helsinki Outlet
Permanent · HELSINKI
MANGO
Sales Assistant
Fixed-term · VANTAA
RITUALS
Sales Advisor (Summerextra) - Tampere - Ratina Shopping Center
Permanent · TAMPERE
RITUALS
Sales Advisor (Summerextra) - Vantaa - Jumbo
Permanent · VANTAA
JACK & JONES
Kesätöihin Myyjäksi Vero Moda / Jack & Jones Porvoo
Permanent · PORVOO
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Mikkeliin
Permanent · MIKKELI
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Ouluun
Permanent · OULU
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Vaasaan
Permanent · VAASA
MONKI
Sales Advisor, 10h (Summer Help Temporary)
Fixed-term · VANTAA
VERO MODA
Myyjä Vero Moda Seinäjoki Idepark
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
MASSIMO DUTTI
Sales Assistant Massimo Dutti, Helsinki
Permanent · HELSINKI
H&M
Sales Advisor, 15h - Kesätyö
Permanent · SEINÄJOKI
H&M
Sales Advisor, 10h - Kesätyö
Permanent · KOTKA
H&M
Sales Advisor, 10-20h - Kesätyö
Permanent · PORVOO
Translated by
Nicola Mira
Published
Oct 30, 2019
Download
Download the article
Print
Text size

Escada bought by US private equity firm Regent

Translated by
Nicola Mira
Published
Oct 30, 2019

A new chapter may be beginning at Escada. The renowned Munich-based women's ready-to-wear label, founded in 1976 by Margaretha Ley and her businessman husband Wolfgang, has been sold to US private equity firm Regent, according to a report by German magazine Manager Magazin. The deal is expected to be finalised in the coming months.
 

Escada’s summer 2019 show in New York - © PixelFormula


After a lengthy period of success, Escada went through a protracted slump, leading to its liquidation in 2009, when it was bought by Megha Mittal, the daughter-in-law of Indian steel magnate Lakshmi Mittal. Despite an in-depth reorganisation, the label has however failed to find new impetus.

As German business daily Handelsblatt reported a few weeks ago, Megha Mittal, who is also a minority shareholder in British label Peter Pilotto, put Escada on the market last February, tasking US merchant bank Lazard with finding a buyer. According to Handelsblatt, in 2017 Escada generated a revenue of €114 million, equivalent to an 8% decrease, and in 2018 it may have lost further ground, generating an estimated revenue of €107 million, with a negative EBIT.

Regent is based in Beverly Hills, California, and is an investor in other fashion-related companies, from lingerie label La Senza to a series of sports brands, among them Mavic Cycling Accessories. In Germany, Regent also bought from eBay the Brands4Friends online sales club, based in Berlin. Regent’s investment portfolio also includes several newspapers, magazines and TV channels.
 

Copyright © 2024 FashionNetwork.com All rights reserved.