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Stricken German luxury fashion house Escada has agreed to sell its Primera unit with a hefty write-down, pushing its first-half earnings deeper into the red, it said late on Friday 22 May.
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![]( "Escada agrees to sells Primera unit at a loss")
Escada agrees to sells Primera unit at a loss -
![]( "Escada Q1 profits decline, sets stage for cap hike")
Escada Q1 profits decline, sets stage for cap hikeDisposal gains at Escada failed to offset easing demand for luxury goods and costs from an ongoing restructuring programme, leading to a near 20 percent drop in first-quarter core profit.