As the economy stumbles, the business landscape is fertile for factoring companies to thrive.
“The factoring industry is as busy as it’s ever been, with more risk in the market than there’s been in a while,” said Don Morrison, executive vice president of commercial services for GMAC Financial Services. “There are more opportunities with more clients in traditional asset-based loan situations looking to get into factoring. Some are returning to a factoring model.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)