BERLIN — Escada AG officially filed for insolvency at the Munich district court Thursday. The German fashion house said it would make the move after a bond exchange offer failed to gain sufficient support this week, undermining its financial rescue plan.
German law does not have an equivalent of Chapter 11, and planned insolvency is the closest procedure to bankruptcy. The court has appointed Christian Gerloff as interim insolvency administrator.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)