Bloomberg News

Escada Sees Medium-Term Sales of 500 Million Euros, SZ Reports

July 04, 2012

Escada, the Munich, Germany-based fashion company, may achieve sales of 500 million euros ($627 million) in the medium term, Sueddeutsche Zeitung reported in a preview of an article to appear today.

Turnover for the fiscal year 2012 is likely to increase 5 percent to 7 percent to about 320 million euros, the newspaper reported, citing an interview with Bruno Saelzer, chief executive officer.

To contact the reporter on this story: James Kraus in London at jkraus2@bloomberg.net

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net


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