Transactions

  • 1
  • 2

NOTEWORTHY

  • 1
  • 2
  • 3

Weak Economy Has Lenders Skittish; As many companies find cash hard to secure, inventory levels are squeezed and letters of credit begin to resurface

New York, NY - (DNR) - — In life, and the financing of apparel companies, timing is just about everything, and men's wear firms picked just the right moment to be on the upswing.

Recent sales strength should to some degree insulate men's wear firms from the credit crunch that's migrated from the worlds of subprime mortgages and banking to retailers and consumers. But those unlucky merchants needing to borrow to keep their business afloat might well find themselves sinking as loans are expensive and harder to come by.

Read More...