Marc Heller is president of CIT Commercial Services. Heller joined CIT in January 2004 when the company acquired the factoring business of HSBC. He had been with HSBC and its predecessor Republic Business Credit Corp. since 1991. In the financial services industry since 1970, his primary focus at CIT is factoring and credit protection for businesses in the fashion industry, as well as lending against trademarks and brands. WWD caught up with him last week to get his read on the financial landscape and retail backdrop, and what it might mean for fashion firms.
WWD:Why have there been so many retail bankruptcies this year?
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)