Rosenthal Closes Two Factoring Deals with West Coast Apparel Companies

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of two separate multi-million dollar factoring deals with California-based apparel companies.

A women’s apparel brand of high-quality sustainable fashion was in need of a new factoring arrangement when its current factor was no longer able to support the company and its growth plans. Familiar with Rosenthal’s reputation and relationships within the industry through recommendations from other brands, the client contacted Rosenthal to explore their financing options. In under a week, Rosenthal’s West Coast team was able to fast track a multi-million dollar factoring deal and successfully help the client exit out of a challenging situation with their existing lender into a relationship that met all of their needs.

“Closing a deal in a week’s time under normal circumstances is already quite a feat, so accomplishing that in the current environment is rather extraordinary,” said Maria Contino, SVP and Western Region Sales Manager at Rosenthal. “We’re thrilled we were able to act so quickly to provide the support the client needed to move their business forward.”

An activewear, yoga and workout apparel brand was facing challenges as the COVID-19 pandemic began to spread earlier this Spring. While the company’s wholesale volume was down as a result of COVID-19’s impact on retail overall, the brand quickly shifted gears to begin producing PPE products. As a result, the company saw a rapid uptick in its direct-to-consumer volume for those products.

When the company expressed concern with the credit standing of their wholesale customers, their accountant recommended factoring and referred them to Rosenthal. Recognizing the company needed credit protection in these continuing challenging times as well as support to take advantage of an important new growth opportunity, Rosenthal stepped in and provided a multi-million dollar factoring solution.

“Like many companies right now, this client saw an opening in the marketplace and an immediate opportunity to grow its business beyond their traditional product line,” said Sydnee Breuer, EVP and Western Region Manager at Rosenthal. “As a private, independent factor, we’re faster and more flexible than many larger institutional lenders, which can make all the difference for a client that’s shifting production and looking for creative ways to rebound from COVID-19 challenges.”

For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com and contact Maria Contino at 310-245-7580 and MContino@rosenthalinc.com or Sydnee Breuer at 213-369-9054 and SBreuer@rosenthalinc.com.

ABOUT ROSENTHAL & ROSENTHAL

Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading independent factoring, asset based lending and purchase order financing firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries. Rosenthal has offices in New York, California, Georgia and North Carolina.

Casey Klurfeld
C: 646-248-4409
O: 212-673-4760
casey@cmkstrategies.com