FRANKFURT: The Mittal Touch

Recession victims take note: Just days after Megha Mittal (daughter-in-law to Indian steel magnate and world's 8th richest man, Lakshmi Mittal) bought fledgling German fashion house, Escada, the company is reporting a whopping 158% jump in its shares (WOOT!?)
Though financial details between Escada and the Mittal family are yet to be revealed, Mrs. Mittal is said to now own rights to the brand's name, sale outlets and production facilities. 


photo courtesy of Life.com