Maurizio Borletti, owner of LA RINASCENTE takes an active role in saving ESCADA

Maurizio Borletti, the owner of reputed department stores LA RINASCENTE and PRINTEMPS has expressed a formal interest in the reconstruction of ESCADA, which filed for bakruptcy earlier this year. Sven Ley, son of Escada founder Wolfgang Ley is also in pole position, having made a formal proposal for the restructuring of the German brand.