Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / CIT Group to support fashion icon Trina Turk
CIT Group to support fashion icon Trina Turk
01
Aug '08
CIT Group Inc, a leading global commercial finance company, announced that it has provided a senior secured credit facility to Trina Turk, a Los Angeles-based designer and manufacturer of women's contemporary clothing and home furnishings. The funds will support a growth investment in the company by KarpReilly, LLC, a private investment firm. Terms of the transaction were not disclosed.

Financing for the deal was completed by CIT Commercial Services, a unit of CIT and a leading provider of factoring, credit protection, accounts receivable management and lending services for consumer products companies.

“We are pleased to support fashion icon Trina Turk in her expansion efforts,” said John Daly, President of CIT Trade Finance. “This transaction underscores our commitment to the fashion and apparel industry and our dedication to supporting clients with financing solutions that help them achieve their business goals.”

Trina Turk, Founder and CEO of the company bearing her name said, “We have a longstanding relationship with CIT and are pleased to be working with them as we continue expanding into broader lifestyle categories.”

Adam Burgoon, partner of KarpReilly said, “We have worked with CIT on several consumer products transactions. Their depth of knowledge and experience in the apparel industry makes them a great long-term partner for a high growth company like Trina Turk.”

Founded in 1995 and headquartered in Los Angeles, Trina Turk began as a designer and manufacturer of a women's contemporary clothing collection. The company has successfully extended its lifestyle appeal to include a swimwear license with Apparel Ventures, a license for sun-resistant, water-resistant printed home furnishings fabrics with Schumacher launching for Spring 2009, and plans to extend into broader lifestyle categories.

CIT Group Inc


Must ReadView All

Indonesian textile industry targets exports of $14 bn

Apparel/Garments | On 25th Sep 2018

Indonesian textile industry targets exports of $14 bn

With a January-July 2018 exports figure of $7.74 billion, the...

Several challenges for Vietnam's garment sector in 2019

Apparel/Garments | On 25th Sep 2018

Several challenges for Vietnam's garment sector in 2019

Vietnam’s textile and garment industry will be facing a gamut of...

PRGMEA urges govt to set up Pakistan trade houses abroad

Apparel/Garments | On 25th Sep 2018

PRGMEA urges govt to set up Pakistan trade houses abroad

The Pakistan Readymade Garments Manufacturers and Exporters...

Interviews View All

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

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

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search