Troubled German fashion group Escada AG on Monday is to raise up to 67.4 million euros through the sale of stocks and convertible bonds to finance its reorganisation involving the loss of 850 jobs. The country's largest women's fashion and accessories manufacturer last month posted a third quarter net loss of 44.2 million euros on sliding sales and said it would axe 20 per cent of its workforce in order to streamline operations and reduce losses.