From Reuters: Megha Mittal to buy luxury fashion house Escada.

These wealthy families diversify in the most interesting way. Did you know Lakshmi Mittal’s daughter, Vanisha Mittal is like the richest heiress in the world? I fed one of my managers this fluffy piece of information once. Thanks to E! Entertainment for that useless bit of information.

Here’s hoping Escada works out this time round. Their clothes were really quite pretty and their ready to wear were so preppy pastel country club.