Women the world over know ESCADA for its bright fabrics, elaborate stitching, hand-beaded work, and tailored looks. The firm designs and sells upscale women's apparel (including evening wear, casual wear, and shoes), accessories, and fragrances in about 410 company-owned and franchised stores in some 60 countries. Apparel, handbags, shoes, and belts are designed in-house; eyewear, jewelry, watches, and scarves are licensed. It sold its Escada Beaut cosmetics division to Wella AG but remains a licensee. Unable to secure financing amid falling sales and earnings, the company in August 2009 filed for bankruptcy protection and is being sold.