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Escada De Jacó
Escada SE is a luxury women's designer clothing company headquartered in Munich, Germany. The company is owned by Regent, L.P., an international private equity firm led by investor Michael Reinstein. The company was founded in 1978 by designer Margaretha Ley. It currently retails fashion accessories and ready-to-wear. As of 2017, Escada SE operates in 80 countries with 600 points of sale worldwide. The luxury fashion label employs around 1,500 employees with international locations in Milan, Paris, Tokyo, London, Beverly Hills, and New York City. History Escada was founded in by Margaretha and Wolfgang Ley in Munich, Germany. Being a former model and having a solid education in tailoring from the Royal Court in Stockholm, Margaretha Ley became known for her bold, feminine designs. 1978 saw the first presentation of the Escada womenswear collection, which featured exquisite inlays and appliqués. The company soon stood out, with its distinctive creations featuring unusual combi ...
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Suzy Menkes
Suzy Peta Menkes (born 24 December 1943) is a British journalist and fashion critic. Formerly the fashion editor for the International Herald Tribune, Menkes also served as editor, Vogue International, for 25 international editions of ''Vogue'' online until October 2020. Early life and education Menkes was born in Beaconsfield, Buckinghamshire. She was educated at Brighton and Hove High School. As a teenager in the 1960s, she moved to Paris to study dressmaking at what has now become ESMOD. Her landlady gained her entry into her first couture show at Nina Ricci, which sparked her interest in high fashion. On her return from Paris, she read history and English literature at Newnham College, Cambridge while her sister studied at Oxford. During her college years, she became the first female editor of the college newspaper. Career After Cambridge, she worked for ''The Times'' reporting on fashion. In addition to her journalism, she has written several books, particularly on Brit ...
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Gucci
Gucci (, ; ) is an Italian high-end luxury fashion house based in Florence, Italy. Its product lines include handbags, ready-to-wear, footwear, accessories, and home decoration; and it licenses its name and branding to Coty, Inc. for fragrance and cosmetics under the name Gucci Beauty. Gucci was founded in 1921 by Guccio Gucci (1881–1953) in Florence, Tuscany. Under the direction of Aldo Gucci (son of Guccio), Gucci became a worldwide-known brand, an icon of the Italian ''Dolce Vita''. Following family feuds during the 1980s, the Gucci family was entirely ousted from the capital of the company by 1993. After this crisis, the brand was revived with a provocative 'Porno Chic' props. In 1999, Gucci was acquired by the French conglomerate Pinault Printemps Redoute, which later became Kering. During the 2010s, Gucci became an iconic ' geek-chic' brand. In 2019, Gucci operated 487 stores for 17,157 employees, and generated €9.628 billion in sales (€8.2 billion in 2018). Marco ...
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Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A company t ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Rights Issue
A rights issue or rights offer is a dividend of subscription rights to buy additional securities in a company made to the company's existing security holders. When the rights are for equity securities, such as shares, in a public company, it can be a non-dilutive ''pro rata'' way to raise capital. Rights issues are typically sold via a prospectus or prospectus supplement. With the issued rights, existing security-holders have the privilege to buy a specified number of new securities from the issuer at a specified price within a subscription period. In a public company, a rights issue is a form of public offering (different from most other types of public offering, where shares are issued to the general public). Rights issues may be particularly useful for all publicly traded companies as opposed to other more dilutive financing options. As equity issues are generally preferable to debt issues from the company's viewpoint, companies usually opt for a rights issue in order to minimiz ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Münster
Münster (; nds, Mönster) is an independent city (''Kreisfreie Stadt'') in North Rhine-Westphalia, Germany. It is in the northern part of the state and is considered to be the cultural centre of the Westphalia region. It is also a state district capital. Münster was the location of the Anabaptist rebellion during the Protestant Reformation and the site of the signing of the Treaty of Westphalia ending the Thirty Years' War in 1648. Today it is known as the bicycle capital of Germany. Münster gained the status of a ''Großstadt'' (major city) with more than 100,000 inhabitants in 1915. , there are 300,000 people living in the city, with about 61,500 students, only some of whom are recorded in the official population statistics as having their primary residence in Münster. Münster is a part of the international Euregio region with more than 1,000,000 inhabitants (Enschede, Hengelo, Gronau, Osnabrück). History Early history In 793, Charlemagne sent out Ludger as a miss ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Bruno Sälzer
Dr. Bruno Sälzer (born 28 June 1957) was the CEO of Escada, the international luxury fashion group. He was born into a solid farming family. He has always been interested in fashion more than fertiliser, and has been quoted in saying, "I can't explain this. There was no one in my family like this. I have checked back several generations." He is the father of four sons. Career Timeline: * 1986-1991: Director of International Sales Coordination, Beiersdorf * 1991-1995: Managing Director of Hairdressing International, Schwarzkopf * 1995-2008: CEO, Hugo Boss * 2008–2014: CEO, Escada * 2014–present: CEO, Bench Sälzer started out at Hugo Boss as one of the members of the managing board, but steadily worked his way up to CEO position. He was the first to introduce the womenswear line at Hugo Boss. He saw the company boost its income to €154m in 2007. During his time with the company, he described his management style as old-fashioned, he favored a system where you learn how t ...
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Saint-Tropez
, INSEE = 83119 , postal code = 83990 , image coat of arms = Blason ville fr Saint-Tropez-A (Var).svg , image flag=Flag of Saint-Tropez.svg Saint-Tropez (; oc, Sant Tropetz, ; ) is a commune in the Var department and the region of Provence-Alpes-Côte d'Azur, Southern France. It is west of Nice and east of Marseille, on the French Riviera, of which it is one of the best-known towns. In 2018, Saint-Tropez had a population of 4,103. The adjacent narrow body of water is the Gulf of Saint-Tropez (French: ''Golfe de Saint-Tropez''), stretching to Sainte-Maxime to the north under the Massif des Maures. Saint-Tropez was a military stronghold and fishing village until the beginning of the 20th century. It was the first town on its coast to be liberated during World War II as part of Operation Dragoon. After the war, it became an internationally known seaside resort, renowned principally because of the influx of artists of the French New Wave in cinema and the Yé-yé movement in mus ...
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Stefan Szczesny
Stefan Szczesny (born 9 April 1951) is a German painter, draughtsman, and sculptor. He is best known for co-founding the Neue Wilde movement in the early 1980s. Biography 1951–1994 Stefan Szczesny was born in Munich as the son of the philosopher and publisher Gerhard Szczesny and his wife Martha Meuffel, a theatre producer. Upon attending primary and secondary schools in Munich, he acquired his first training as a painter at a private art school in Munich (1967–69). From 1969 to 1975, he studied at the Academy of Fine Arts in Munich. His mentor there was the abstract painter Günter Fruhtrunk. During this time, he also attended lectures in art history and philosophy at Ludwig Maximilian University and worked as a freelance art critic. Under the influence of his mentor Fruhtrunk Szczesny experimented in these years with abstract and minimalist art. A major turn-about occurred in 1975–76, when Szczesny was in Paris on a scholarship of the German Academic Exchange Serv ...
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