Daily News: August 8, 2013

DS-Concept Closes A/R Financing for Menswear Importer

DS-Concept announced it funded a $5 million A/R purchase facility with an established importer of menswear. The financing will allow the importer to continue grow its sourcing business in Asia, improve its working capital and support its vendors’ purchases of materials and piece-goods.

The facility will support the company’s operations in Asia, the EU and U.S., and will include sales to major retailers and wholesalers in both Europe and U.S.