Escadas Has Friends In High Places

Escada file chapter 11 in August, but insiders say approximately ten to twenty very wealthy parties are interested in reviving the line. A source says "fashion companies, financial investors, and wealthy families from all over the world have handed in non-binding offers to Escada's insolvency administrator." Those making the most promising offers will get to study Escada's books before submitting official proposals. -Huffington Post