ESCADA will be celebrating its 40th anniversary in 2016. In commemoration of this special event, ESCADA introduces its new signature handbag, ML40, in recognition of its founder and visionary, Margaretha Ley. The ML40 has an elegant shape - modern; yet, classic. It is a single handle satchel with a flap closure and detachable shoulder strap. The bag comes in three sizes, Maxi, Medi and Mini and is offered in a variety of luxurious materials from beautifully hand-finished calf leather to exotic crocodile.