ESCADA AG

EANS-Adhoc: ESCADA AG
Insolvency petition has been filed by ESCADA (USA) Inc.

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Restructuring

14.08.2009

Munich/New York, August 14, 2009 - Following the opening of preliminary insolvency proceedings of ESCADA AG, Aschheim / Germany, on August 13, 2009, the wholly owned US subsidiary ESCADA (USA) Inc., today filed a petition seeking relief under the provisions of chapter 11 of the US Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York.

The filing was submitted in the best interests of the corporation, its creditors and other interested parties with the aim of stabilizing the important US business of ESCADA Group, thereby also being a crucial first step in the overall restructuring of the Group.

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ots Originaltext: ESCADA AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Investor Relations
Yara Kes
Tel.:    +49 (0) 89 9944 1336
E-mail: yara.kes@de.escada.com

Presse:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: +49 - 54 04 - 91 92 0
Email: info@elsner-kommunikation.de

Branche: Clothing
ISIN:      DE0005692107
WKN:        569210
Index:    CDAX, Classic All Share, Prime All Share
Börsen:  Berlin / Open Market
              Hamburg / Open Market
              Stuttgart / Open Market
              Düsseldorf / Open Market
              Frankfurt / regulated dealing/prime standard
              München / regulated dealing



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