India’s billionaire steelmaking Mittal family ventured into luxury goods as Megha Mittal, the 33-year-old daughter-in-law of steel magnate Lakshmi, agreed to buy Germany’s insolvent Escada AG. The Mittal family trust is buying Escada’s main business, brand rights, production facilities and distribution network, the Munich-based company said late yesterday, without disclosing the purchase price. The sale [...]
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