“We needed a comprehensive ABL financing solution for our UK subsidiary. Not only were we looking for a flexible solution that would blend well with our existing facilities in the U.S., but we were seeking a personal level of service to suit the dynamic nature of our business. FGI came up with a great solution which exceeded our requirements. They understood our business and worked tirelessly through the transaction process to deliver.”
CFO, Millennial Brands
FGI Provides Millennial Brands with $4.25MM ABL Facility
Millennial Brands is a leading designer, marketer and distributor of women’s fashion footwear in the US, Canada and Europe.
The company’s three brands, Pour La Victoire, Kelsi Dagger Brooklyn, and Rocket Dog, are each designed to target specific channels, price points, and consumer segments, which combined, serve the full age-spectrum of Millennial’s consumers, with the company’s core consumers ranging from the ages of 16-35.
Millennials are the single largest and fastest growing demographic in the US and MB is extremely well positioned to benefit from the future growth opportunities that this demographic offers.
FGI provided Millennial Brands with a flexible, well structured $4.25MM facility, allowing the company to focus on its growth plans with a flexible A/R and inventory line for its UK subsidiary.