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Escada is still trying to get its wits about itself after filing for bankruptcy a month ago.
Help is on the way.!
KPMG, a consultant group, has come to save the day, bringing in consultants to aid in finding financing for the German label. And, now, thanks to the consultants, there are apparently over twelve parties interested in backing the label, whose cashola runs out in December.
The hope is that an investor will be found by November, at the very latest.
Fingers crossed!
[Image via AP Images.]
Posted: September 3, 2009 at 3:30 pm
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