By  on July 22, 2009

BERLIN — As part of its ongoing restructuring plan, Escada is implementing a 29 million euro, or $41.2 million at current exchange, cash capital increase at a share ratio of 2-to-1, starting Thursday.

Shareholders will be offered one new share for every two they now own at a subscription price of 2.78 euros, or $3.95, a share. The subscription period runs from Thursday to Aug. 5.

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