Sven Ley, the son of Escada founder Wolfgang Ley, has teamed up with the former head of Gucci, Giacomo Santucci, and Italian investment group Borletti to mount a rescue bid for the German luxury fashion house.
Premiums for gold bars were barely changed in Asia after jewellers turned their back on the physical market due to volatile prices, but weddings in main consumer India were expected to stir up trade in coming days.
Updates from three of Britain's biggest clothing retailers should shed a little more light next week on whether consumers are starting to spend more freely ahead of the key Christmas trading period. Mid-market players Marks & Spencer (MKS).
John Lewis, the employee-owned group seen as a barometer of British retailing, posted a sixth consecutive week of rising department store sales, but said it was still too early to talk of a sustained consumer recovery.