By  on June 25, 2008

BERLIN — Escada has a new chief executive, Bruno Sälzer, and an influential new minority shareholder, the Herz business family.

After weeks of speculation accompanied by a tumultuous stock performance and the company's second profit warning this year, Escada said late Tuesday that ex-Hugo Boss ceo Sälzer will replace Jean-Marc Loubier, effective July 1. Sälzer has also been named a member of the board of management.

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