Candie’s has bought Badgley Mischka, a brand of luxury evening wear sold in some of the most prestigious American department stores, from Escada USA, in exchange of shares. The acquisition includes the eponymous store in Beverly Hills’ Rodeo Drive. Many celebrities including Madonna, Jennifer Lopez and Ashley Judd dress in Badgley Mischka clothes. Candie’s will use its competence in licensing and marketing to take the brand to a new level.