Regent, a U.S. private equity firm, has signed a purchase agreement for German luxury fashion brand ESCADA, marking its second major acquisition in the German fashion industry within two months.

Information on the Target

ESCADA, a luxury fashion brand based in Germany, is set to be acquired by the U.S.-based private equity firm Regent. The brand has been owned by Megha Mittal since 2009, following her acquisition out of insolvency. As of the latest available financial data, ESCADA has faced significant challenges, posting a loss of €16.6 million in 2017, a substantial increase from the previous year’s deficit. Sales also dipped nearly 8%, resulting in revenues of approximately €113.58 million.

The Escada Group has a presence in 24 countries, covering North America, Europe, and Asia, with around 700 retail points across 80 markets worldwide. In Germany alone, there are eight dedicated Escada stores, showcasing the brand's significant reach and retail footprint.

Industry Overview in Germany

The luxury fashion industry in Germany is marked by competition among both established and emerging brands. German consumers are increasingly seeking high-quality, sustainable fashion options, aligning with g