BERLIN — With continued declines in earnings and sales, Escada’s battered bottom line saw no relief in the second quarter ended April 30.
The struggling German fashion house reported a pretax loss of 16.3 million euros, or $21.2 million, for the Escada business unit, compared with a pretax profit of 3.5 million euros, or $4.6 million, for the period a year previously. All dollar figures are converted from the euro at average exchange rates for the respective periods.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)