Escada's Plans to Expand to Turn a Profit

The German Luxury Label, which filed for bankruptcy in August 2009, is now looking to expand in hope of turning a profit. With plans to expand into China, India and Japan,the new owner,Megha Mittal says there is new lines in the process of development. She lists Cosmetics, Menswear and Childrenswear as possibilities for Escada, with hopes to turn a profit in 2010, or  at the very least by 2011.

It sounds to me that cosmetics are first on the list of lines to be added and I think it's probably the right way to go to try and profit - although I'd love to see a Menswear line too and hope it happens in the future.

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