By  on May 27, 2009

BERLIN — Escada has sold three of its Primera division labels — Apriori, Cavita and Laurèl — to the Munich-based holding company Mutares AG.

Under the agreement, which was completed Monday, Mutares will take over 90 percent of each Primera subsidiary for the fashion brands Laurèl, Aprior and Cavita. The remaining 10 percent interest will stay with the Escada Group for now, the German fashion house said. Details of the deals were not made public.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus