By  on April 24, 2009

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.

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