NEW YORK — With the bulk of its costly restructuring campaign now largely behind it, the beneficial effects of Escada’s reorganization were finally felt in the company’s first-quarter results.
For the three months ended Jan. 31, the Aschheim, Germany-based women’s fashion house swung to recording profits of 3.1 million euros. That compares with a year-ago loss of 2.2 million euros. For comparative purposes, this year’s profits were $3.8 million at current exchange, versus last year’s loss of roughly $2.5 million, calculated at average exchange for that time period.
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?"