KITSON’S NEW $15M FACILITY: Kitson, the Los Angeles-based specialty chain that’s the fashion and pop culture hot spot for celebrities, has a new $15 million senior-secured credit facility from Salus Capital Partners.
The new facility will be used to refinance existing indebtedness and provide working capital for general corporate purposes.
This story first appeared in the May 23, 2013 issue of WWD. Subscribe Today.
Andrew H. Moser, president of Salus, said, “Kitson is a global brand representing modern chic designs with a progressive assortment of products for women, men and kids.”
According to Christopher Lee, Kitson’s chief executive officer, the company is seeking prospective investors and strategic partners. Top of its agenda is an expansion plan it wants to pursue. That plan includes additional stores here in the U.S., as well as an expansion of its private label merchandise. It also is eyeing growth of company-owned fashion brands via licensing.