Escada AG
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| Type |
Public |
| Founded |
1978, Munich, Germany |
| Headquarters |
Munich, Germany |
| Industry |
Retail |
| Products |
Women's fashions, handbags, shoes, perfume, eyewear, kids fashion |
| Website |
http://www.escada.com |
Escada is an international luxury fashion group in women's designer fashion. In thirty years, Escada has become a leading name in women's fashion, often worn to red carpet events by celebrities.
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Contents
- 1 History
- 2 Controversy over fur
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History
In terms of its
sales and international structure, Escada is one of the world's leading
luxury brands in the fashion segment. The company has a presence in
about 60 different countries. Its main sales markets are North America,
western and eastern Europe and Asia. The Munich-based fashion group is
divided into the business units Escada and Primera.
Escada comprises
the segments Fashion (Escada Collection and Escada Sport), Accessories
(bags, shoes and small leather goods) and licenses (perfume,
eyewear and children's fashion). The brands stand for premium
materials, exclusivity, high-quality workmanship and wearing comfort as
well as color and femininity.
The subsidiary
Primera AG based in Münster/Westphalia comprises apriori, cavita and
Laurèl – established brands occupying the medium-price segment – as
well as the retail chain BiBA.
Escada was founded
by Margaretha and Wolfgang Ley in 1978. The company soon stood out,
with its distinctive creations featuring unusual combinations of colors
and patterns, exclusive embroidery and elaborately designed knitted
fashions. Escada saw a rapid upswing and continually extended its
collections and its creative work. The company guarantees variety in
fashion which is created individually for an extensive range of markets
worldwide.
In the course of
its international expansion, Escada AG went public in 1986. In 1994,
the company launched the Escada Sport label, established its own
accessories collection including bags and shoes and granted major
licenses, collaborating with such partners as Procter & Gamble.
From June 2007 to
July 2008, the CEO of Escada has been Jean-Marc Loubier, who formerly
held executive posts in the Louis Vuitton Group for 16 years. The
Creative Director of the Escada brand is Damiano Biella (formerly with
Valentino), who, since October 2006, has been guiding the creative work
in the course of the brand's modification and reorientation.
Since July 2008,
Dr. Bruno Sälzer is the acting CEO with responsibilities for design,
marketing, and sales. Prior to his CEO role at Escada, Dr. Bruno Sälzer
served as the CEO of Hugo Boss.
Controversy over fur
On October 18, 2007,
the group, "Global Network Against the Fur Industry" , which is made up
of organizations such as Coalition to Abolish the Fur Trade or
Offensive gegen die Pelzindustrie, launched a campaign against Escada,
in the form of a day of action, in hopes of getting Escada to stop
selling fur. According to their website, on October 18, there were 40 actions against Escada in 14 countries. On October 6, 2007, Escada headquarters were vandalized by the Animal Liberation Front. Since that date the campaign against Escada continues with regular pickets in front of Escada-outlets worldwide
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