Megha Mittal, the daughter-in-law of steel magnate Lakshmi Mittal, has purchased the bankrupt German fashion house, Escada. The iconic style brand was sold for an undisclosed sum, although the German press estimate the deal with was worth around 100 million Euros including the company's widely publicized debt.

Ms. Mittal beat ...

Escada may have filed for bankruptcy, but don't count the European brand out just yet. Investors are rallying to save the iconic fashion label, despite insolvency proceedings opening on Sunday.

The leading prospect according to the New York Post is the Beirut-based M1 Group. The company purchased Faconnable from Nordstrom ...

The financial crisis has claimed another fashion victim. German fashion house Escada, once one of the most powerful labels in the world, has filed for bankruptcy.

Insolvency soon became the only option for the brand after it failed to find sufficient backing for its rescue plan. It leaves behind ...

It looks like Escada may be the latest victim of the financial crisis. The German fashion brand appears to be on shaky ground, with chairman Bruno Saelzer admitting he's spoken with insolvency experts.

The company is thought to have enough liquidity to last until August, but not beyond ...