BagBunch - Bags, Handbags & Purses (Free subscription) | yesterday
Megha Mittal, the daughter-in-law of steel magnate Lakshmi Mittal, has purchased the bankrupt German fashion house, Escada. The iconic style brand was sold for an undisclosed sum, although the German press estimate the deal with was worth around 100 million Euros including the company's widely publicized debt. Ms. Mittal beat out stiff competition from the M1 [...]
ShoppingBlog.com (Free subscription) | 11/07/2009
The Mittal Family Trust has agreed to buy bankrupt fashion line Escada. Megha Mittal, the daughter of billionaire Lakshmi Mittal, is the driving force behind the deal. The Mittal family trust is buying Escada's main business, brand rights, production facilities and distribution network, the Munich-based company said late yesterday, without disclosing the purchase...
The Telegraph India (Free subscription) | 11/06/2009
New Delhi, Nov. 6 (PTI): Megha Mittal, daughter-in-law of Indian-born billionaire Lakshmi Mittal, will buy Escada, an iconic but insolvent European luxury fashion house, for an undisclosed amount.
Just Style (Free subscription) | 11/06/2009
Collapsed German fashion house Escada has been sold to Megha Mittal, daughter-in-law of steel tycoon Lakshmi Mittal, for an undisclosed sum.
Luxist (Free subscription) | 11/07/2009
If you had asked me earlier this week which suitor I thought would claim Escada as their own I would have guessed M1 Group, the owner of Faconnable. But the new owner of the German fashion house is actually Megha Mittal, daughter-in-law of steel billionaire Lakshmi Mittal. Mittal purchased the brand for an undisclosed sum. Mittal beat out a bunch of fashion insiders...
DealBook (Free subscription) | 11/06/2009
The daughter in law of Lakshmi Mittal, the billionaire steel magnate, has agreed to buy the fashion label Escada months after the company filed for bankruptcy.
Times of India (Free subscription) | 11/06/2009
Megha Mittal, daughter-in-law of India-born billionaire Lakshmi Mittal, will buy insolvent Escada, an iconic European luxury fashion house, for an undisclosed amount.
New York Post (Free subscription) | 11/06/2009
The distressed German fashion house Escada was scooped out of bankruptcy by the deep-pocketed daughter-in-law of an Indian steel tycoon. Megha Mittal -- the 33-year-old relation of billionaire Lakshmi Mittal, who is CEO of ArcelorMittal -- won Esc...
Show & Talk - New York Fashion Week Blog - New York Magazine (Free subscription) | 11/06/2009
Megha Mittal won the bidding war for Escada yesterday, beating out an offer by Sean Ley, the son of Escada's founder. Mittal will buy the fashion house for an undisclosed sum, and keep CEO Bruno Saelzer onboard. Ley's team had planned to install a new CEO, Giacomo Santucci, the former head of Gucci . But Mitall believes in Saelzer's plan of turning Escada into an affordable luxury label...
The Earth Times Online Newspaper (Free subscription) | 11/05/2009
Munich - The family of Indian steel magnate Lakshmi Mittal is to buy insolvent German fashion house Escada, the company said Thursday. Insolvency administrator Christian Gerloff signed a sale and transfer agreement with one of the family's trusts, sa...
Indian Express (Free subscription) | 11/06/2009
Her father-in-law built a global steel empire relying solely on his strength and now Megha Mittal displayed the same predatory skills with her bid for insolvent European fashion house Escada. Mittal on Thursday confirmed winning Escada, which filed for bankruptcy, in an auction in Munich.
Daily News Analysis (Free subscription) | 11/06/2009
Frankfurt: Megha Mittal will buy insolvent German luxury fashion house Escada for an undisclosed price, the company said on Thursday."Today the insolvency administrator of ESCADA AG signed a sale and transfer agreement with one of the Mittal Family Trusts," the company said in a statement late on Thursday after the preliminary creditors' committee approved the deal."The Board of Management...
Indian Express (Free subscription) | 11/03/2009
NRI-billionaire and steel baron Lakshmi Mittal has been named as the richest business tycoon in South Africa, even as his wealth declined by nearly one-third amid the global economic downturn.
My-India News (Free subscription) | 11/02/2009
Indian businessman Lakshmi Mittal has been listed as the richest business tycoon in South Africa this year too. Though Mittal does not live in South Africa his name is considered for the ranking as his company Arcelor Mittal SA is in the shareholding list after it acquired the SA based firm, Iscor. Though Mittal's profits dropped significantly following the global...
Second City Style (Free subscription) | 11/06/2009
Megha Mittal This morning the news broke that Megha Mittal, daughter-in-law of Billionaire CEO Lakshmi Mittal, won the bidding war for Escada yesterday. After a long and arduous bidding battle, Mittal successfully beat out an offer by Sean Ley, the...
