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Escada Filing Bankruptcy?!

August 17, 2009

I was shocked to hear that German luxury label Escada has filed bankruptcy. Declining sales in recent years as well as an inability to obtain sufficient financing has apparently left the company without any other option. Fashion powerhouses Armani and Versace are rumored to be in discussion of bankruptcy as well. When such large haute couture brands are having serious financial difficulties you know times are rough! So ladies, take note and spend your money wisely. Filing bankruptcy will never be fashionable!

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