Home / Knowledge / News / Apparel/Garments / TD Bank's facility to help Ashley Stewart meet their goals
TD Bank's facility to help Ashley Stewart meet their goals
07
Feb '11
Ashley Stewart and TD Bank have jointly announced that they have entered into a $12 million senior secured revolving credit facility arranged by TD Bank's Commercial Lending Group. The asset based lending agreement includes cash management solutions that will streamline financial operations of the business.

"Our new bank facility with TD Bank is a key step in positioning Ashley Stewart for future growth and materially increases our financial flexibility. We look forward to working with TD Bank as we add new stores and aggressively grow our global e-commerce business, AshleyStewart.com" said Laura Weil, Chief Executive Officer of New Ashley Stewart, Inc.

"We at TD Bank are pleased to be able to provide Ashley Stewart with the capital and cash management resources they need to grow. We're proud to bring our expertise and financial solutions into this partnership to help Ashley Stewart meet their goals," said Peter R. White, Managing Director, Sponsor Finance, TD Bank.

Ashley Stewart currently operates 186 stores in 25 states. Since the early 1990's, Ashley Stewart has been styling customers and setting fashion trends for the plus-size fashion industry. The Ashley Stewart brand is truly an eclectic mix. It is fashion forward, sexy and inspirational. It provides the customer with head-to-toe outfits from trendy sportswear to lingerie to outerwear.

Ashley Stewart Inc

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search