GE Commercial Finance's Media, Communications & Entertainment business provided $55 million in financing to ENK International Inc. for expansion into new fashion categories.
ENK, a fashion industry trade show organization, recently acquired WSA Global Holdings, the provider of marketing services to the global footwear and accessories marketplace.
The total credit facility of $80 million closed on Dec. 20, which includes the $55 million from GE's media group. The source for the balance of the facility was not immediately available.
Ray Shu, managing director, GE Commercial Finance, Media, Communications & Entertainment, said in a statement that the financing allows ENK to continue leading in its niche market and is a "growth opportunity for GE through solidifying our leadership in financing this evolving and highly competitive marketplace."
Luis Padilla, president of ENK International, said the firm "needed financing from a company that would be able to grow and evolve with us, and GE offered that."
Etro’s show, titled “The Tree of Life,” was a celebration of the house’s 50th anniversary. “My father founded the company in 1968, which was the year of counterculture and psychedelia. It’s really a show that celebrates that and the paisley design of India and its origin,” said Veronica Etro. #wwdfashion #mfw #ss18 (📷: @delphineachard)
For @msgm’s spring 2018 show, creative director @massimogiorgetti said “Words, sounds, colors. Synthesis and therapy of a collection,” were the inspirations behind the collection, showing today. Read the rest of Milan spring 2018 inspirations on WWD.com. #mfw #wwdfashion #ss18
For her first solo album in over 10 years, Fergie tapped Carine Roitfeld, Mert and Marcus, Giovanni Bianco and more to create a fashion-focused video approach for the record, Double Dutchess. "Giovanni really helped me get back in touch with my tomboy side, my hardside," said the singer. #wwdeye #wwdfashion ( : @slovekinpics)
“Volumes and Graphic Art of the Nineties are the main inspirations of the new Aquilano.Rimondi SS 2018 collection,” said cocreative directors Tommaso Aquilano and Roberto Rimondi. #wwdfashion #mfw #ss18