Megha 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.
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