BERLIN — To ensure its survival, the Escada Group is launching a broad financial restructuring and recapitalization package to raise 30 million euros, or $39 million at current exchange, needed to keep the company liquid this year, as well as reduce debt and secure medium- to long-term financing.
Late Thursday, the embattled German fashion house released a four-part financial restructuring plan, details of which are still being fine-tuned.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"