Luxury News from InsideLux – The Daily Luxury News Authority

Luxury news and lifestyle magazine updated daily. InsideLux fashion, property, travel, aviation, boating and luxury gadgets.

Mittal Family Step Into Luxury Brand Sector: Escada Sold

Posted by Felicity Steinberg On November - 9 - 2009

11b 09 Aditya Mit 415x275 Mittal Family Step Into Luxury Brand Sector: Escada SoldMegha Mittal, Lakshmi Mittal’s daughter-in-law has bought the failed Escada AG company.  InsideLux can confirm that the financial details have not been unveiled, it a statement was released by the family trust on Friday.

InsideLux first reported has followed the collapse of Escada closely leading to a financial deal to rescue the firm being rejected at the last minute.

Megha Mittal is married to Aditya Mittal, son of Lakshmi who is founder of ArcelorMittal steel, the world’s largest steelmaker.

  • Facebook
  • Twitter
  • MySpace
  • LinkedIn
  • email
  • RSS

Leave a Reply

You must be logged in to post a comment.

VIDEO

Get the Flash Player to see this player.

TAG CLOUD

Sponsors