GE Commercial Finance Corporate Lending said Tuesday that it provided a five-year, $300 million asset-based credit facility to department store retailer Lord & Taylor to be used for working capital needs and other general purposes.
The agreement reflects a change in financing toward better interest rates while also revealing that there are willing lenders in the credit market, which tightened up following the collapse of the subprime mortgage sector. Last week, Hampshire Group Ltd. secured a similar loan from HSBC.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)