Luxury women’s apparel house Carlisle Etcetera has received a $12.5m senior secured credit facility from US-based finance company Second Avenue Capital Partners (SACP).
SACP president Chris O’Connor noted that the company and his team offered the financing based on Carlisle Etcetera’s business model.
O’Connor said: “We knew how to unlock the value Carlisle Etcetera needed from a lender. We put together a package that provides flexibility and supports the business’ continued success.”
The fashion brand currently operates six outlets and five showrooms in premium retail destinations.
Carlisle Etcetera CEO David Rosenberg said: “In Second Avenue Capital we found a lender who took the time to get to know us and really understands the needs of our business.
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By GlobalData“Our stylist driven selling model is an important differentiator for our business. We needed a lender that could understand this model and lend aggressively on the inventory in this channel as well as our brick and mortar locations.”
In May 2015, Hong Kong-headquartered Royal Spirit Group bought the remaining 50% stake in Carlisle from US-based manufacturer and retailer of custom men’s clothing Tom James Company.
