| ESCADA is an international
luxury fashion group in women's designer fashion. It has
pursued a course of steady expansion since its founding
in 1976 by Margaretha and Wolfgang Ley and today has 194
own shops and 226 franchise shops/corners in about 60
countries.
Under its brand ESCADA, ESCADA produces and sells women's
designer fashions (ESCADA Main Line and ESCADA Sport)
for daytime, evening, business, leisure, wellness and
special occasions as well as couture. The range of fashions
is supplemented with accessories like handbags and shoes.
Fragrances, eyewear and kids wear from licensed partners
are also sold under the ESCADA brand.
Through its subsidiary PRIMERA AG, the Company additionally
sells the midpriced brands apriori, BiBA (retail) and
cavita as well as Laurèl (diffusion segment).
The ESCADA Group is led by an international top management
team which in turn is headed by a board of management
composed of three executive directors. Since July 1,
2008 Dr. Bruno Sälzer (former executive at Hugo
Boss) took over as CEO.
The capital stock of ESCADA AG amounts to EUR 107,018,009.60
and is divided into 20,901,955 no-par-value bearer shares
(WKN: 569210; ISIN: DE0005692107).
In fiscal year 2006/07 ESCADA generated Group sales
of 686.1 million Euro (2005/06: 695.2 million Euro).
The business unit ESCADA generated sales of 461.1 million
Euro (2005/06: 489.2 million Euro). PRIMERA Group increased
sales by 8.9% to 247.7 million Euro. The consolidated
net profit of EUR -27.3 million (2005/06: 6.9 million
Euro) is primarily the consequence of 39.2 million one-time
expenses for structural measures aimed at improving
the Group's efficiency and raising market performance.
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