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Envoy Textiles Secures $30M Sustainability-Linked Loan for New Spinning Facility
Funds will also be used to refinance short-term local working capital loans.
Spinnova Secures $13M R&D Loan to Scale Tech
The Finnish textile innovator secured an R&D loan from Business Finland to help develop and scale its…
Fewer Retail Defaults Expected in 2025
Helping to lower the retailer default rate will be improved access to capital, and the number of retailers…
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End of an Era: Layoffs and Lender Lawsuit Augur the Demise of Lord & Taylor
The lender to Lord & Taylor owner Saadia Group, which owes it $45.3M, has a court order allowing it to seize…
Why Innovative Young Brands Use This ‘Bank for Startups’
Exec says Ampla doesn't compete with venture capital but helps emerging brands with "inventory, marketing…
Bangladesh’s Envoy Textiles Gets $11.2 Million For Plant Expansion
The denim mill will build a second yarn-spinning facility.
Everlane Secures $25 Million Loan for Next Stage of Growth
The San Francisco lifestyle brand will use the capital to fund "continued expansion," chief financial officer…
Gildan Inks Sustainability-Linked Loan
The amendment introduces an annual pricing adjustment based on the achievement of three of Gildan's Next…
Missguided Secures Financial Lifeline from Alteri Investors
The terms of the cash and debt deal gives Altieri a 50 percent stake in the British fast-fashion e-tailer.
JCP and Skechers’ Financial Fortunes Are Looking Up
While JCP's refinancing is part of a companywide facelift, Skechers feels it can dig deeper into creditors'…
Flagged for High Default Risk, DXL Fights to Regain Financial Footing
Men's big and tall specialty chain Destination XL Group is set to begin trading again on the Nasdaq Capital…
After Slashing Jobs, Express Inks New Loan
CEO Tim Baxter expects the "additional capital will support the company through the duration of the pandemic."
What in the World is Going on With J.Jill?
J.Jill secured its fifth forbearance extension, a highly unusual occurrence indicating all is not well at the…
Distressed J.Jill Just Bought Itself a Little More Time
J. Jill got some breathing room to finish talks with lenders, hoping an extra week will stave off a date in…
Bed Bath & Beyond Plans to Cut More Than 350 Employees
The home goods retailer has 220 leases up for renewal, which would mean a slew of store closures ahead.