×
142
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
By
Reuters
Published
Aug 12, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Bond swap failure pushes Escada shares down by half

By
Reuters
Published
Aug 12, 2009

FRANKFURT, Aug 12 (Reuters) - Shares in German luxury fashion house Escada (ESCG.DE) slumped around 50 percent on Wednesday 12 August after the company's crucial bond exchange flopped.

Escada
Escada Fall-Winter 2009 - Photo: www.escada.com

Escada said late on Tuesday 11 August it had failed to get sufficient backing for its debt swap plans and that it would file for insolvency this week.

The company's supervisory board is due to meet later in the day to discuss the next steps.

Escada shares plunged 45.2 percent to 0.84 euros by 0726 GMT, having fallen as low as 0.76 euros earlier -- a far cry from its all-time high in March 2001 at 43.54 euros.

"With yesterday's development, betting on a last-minute rescue at Escada seems no longer a viable option," Equinet analyst Ingbert Faust wrote in a note to clients.

The collapse of Escada, known for draping stars like Christy Turlington and Katie Holmes, comes after French fashion house Christian Lacroix filed for creditor protection in May, hit hard by the global downturn in consumer spending.

(Reporting by Myria Mildenberger and Eva Kuehnen; Editing by Michael Shields)

© Thomson Reuters 2022 All rights reserved.