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Escada chief exec to depart

Escada chief executive Bruno Sälzer will leave the womenswear label at the end of this year.

Sälzer, who has headed up the brand since 2008, will leave at the end of his current contract. Escada has now launched a search to find a replacement.

In the time with Sälzer at the helm the German womenswear label has rolled out 90 stores with a new concept as well as expanding its international presence. It has also expanded its product line and launched watches, jewellery and home textiles through licensing agreements. Last year Escada also launched its ecommerce site.

Sälzer said: ““I have really enjoyed the last six years at Escada. The restructuring of the company has been completed, and its fashion has found a new direction. So I would like to pursue new professional challenges. I would like to thank everyone at Escada for their support, dedication and passion.”

He added: “The company has a fantastic heritage and is a great international luxury womenswear brand.[Chairwoman] Megha Mittal is the ideal investor with a long term vision and I am sure will continue to ensure its success.”

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