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Escada UK trades on despite strife

Escada’s UK stockists should receive autumn deliveries as normal despite the brand’s German parent company filing for insolvency earlier this month.

Sources close to Escada UK said the brand would continue to meet its orders for autumn 09 and that it was selling its spring 10 stock as usual.

Escada has about 50 stockists in the UK, plus one standalone store and three concessions. The group sells womenswear, accessories and fragrances.

Escada filed for bankruptcy protection in Germany after it failed to secure the requisite 80% approval rate from bondholders for a proposed refinancing.

Last week, Escada chief executive Bruno Saelzer sold all his shares in the business for €229,000 (£200,000), considerably less than the €3m (£2.6m) he reportedly paid for the 1% stake.

The German media has since speculated that firms including luxury brand houses LVMH and PPR may be interested in investing in Escada.

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