Web30 jan. 2024 · Escada America — the US face of Germany-based luxury women’s apparel brand Escada — filed for Chapter 11 bankruptcy in mid-January 2024. While the pandemic played a key role in driving Escada America to bankruptcy, the branch had been struggling with a myriad of issues in the years prior. Web31 jan. 2024 · More store closures are on the way Credit: Getty. That has, of course, reduced the demand for brick-and-mortar businesses. At the same time, inflation has kept prices at an all-time high, making it more and more difficult for Americans to spend their money on extra items. Around 40 percent of the nation's department stores have closed …
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