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‘Unprofitable’ Escada America Files for Bankruptcy

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Escada America filed for bankruptcy Tuesday. The German brand known for high-end women’s wear had long been run in an “unprofitable manner,” Escada director of finance Kevin Walsh wrote in papers filed with a Los Angeles federal bankruptcy court. Prior management recklessly expanded into untested markets, squandered money on expensive leases and executive compensation, and…

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