Hepreviously served as Chairman and CEO of the Marketing Services Division ofCendant Corporation where
Hepreviously served as Chairman and CEO of the Marketing Services Division ofCendant Corporation, where he worked for more than 10 years. A spokesman said thedelay was due to the complex process of getting the prospectusfor the exchange approved, as well as the recent sale ofEscada's mid-price fashion business Primera. German billionaire brothers Wolfgang and Michael Herz --who together hold 24.9 percent of Escada -- are willing toinject further capital only if all conditions are met.[ID:nLN401398] Escada had initially aimed to publish the debt exchangeoffer at the end of May or early June. A successful exchange of a 200 million euro ($276.6million) bond that matures in 2012 is key to the rescue plan. The company has warned that it could go bust as early asJuly unless it raises fresh capital, cuts debt and secures newloans. Stocks | Bonds | Bankruptcy Escada, whose gowns are worn by Hollywood stars such asKatie Holmes, has been struggling with falling sales asrecession compounds difficulties it is having selling itsclothes, which some have labelled old-fashioned.
FRANKFURT, June 8 (Reuters) - Escada (ESCG.DE) plans tooffer bondholders a new bond worth less than the face value ofits current debt in about two weeks, the stricken luxuryfashion house said on Monday. Laurent610-494-3300 Copyright Business Wire 2009. Inc.Sue St. Based in Chester, Pennsylvania, with extensiveoperations in Europe and Asia, Synygy has achieved 18 continuous years ofsuccess. Synygy`s SPM solutions include: salescompensation (incentive compensation, rewards and recognition, and totalcompensation); sales communications (web portals, reports and dashboards, andanalytics, alerts, and answers); sales goals (territories and channels,forecasting and pipeline analyses, and objectives and quotas); and salesprocesses (reviews, recruiting and training, data repository and data processes,and workflow processes). About SynygySynygy is the largest and most experienced provider of sales performancemanagement (SPM) software and services.
7900 or e-mail . To learn more about how Synygy helps companies improve the operation of theirsales organizations, call (610) 494-3300, ext. During this live webinar, attendees will learn:* what key symptoms indicate the presence of errors in commission payments andreports * how to assess the impact of errors and identify their causes * techniques to implement that ensure accuracy of sales commissions and reports * key components a software solution must have to produce error-free salescompensation results, payments, and reports * best practices for ensuring 100% accurate results, payments, and reportsTo register for the free session, visit Registrants areinvited to download the complimentary Synygy publication Expert Insights forEnsuring Error-Free Sales Compensation Results, Payments, and Reports. Also included will be a practical demonstration showing examplesof process controls that can be implemented to improve sales force productivityby eliminating common causes of errors.