Wednesday, November 1, 2017

Charming Charlie reportedly seeks a loan ahead of holidays

Charming Charlie is among the retailers being watched closely by credit analysts for signs of potential bankruptcy or other forms of default. Among other such lists, the company is on Fitch’s "loans of concern" list for a $150 million outstanding loan.

Founded in 2004, the retailer made a name for itself by organizing accessories and jewelry assortments by color. Backed by private equity firms TSG Consumer Partners and Hancock Park Associates, the company has struggled of late to pay off its debt after a period of rapid expansion. . . . more

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