Wells Fargo Capital Finance Provides Credit Facility to Halston
The Trade Capital Division of Wells Fargo Capital Finance provided a credit facility of up to $50 million to Halston. The facility will be used for working capital purposes.
Originally founded in the 1960s by Roy Halston Frowick, the Halston brand became synonymous with women’s fashion. Now based in Los Angeles and being launched under new management led by former BCBG President Ben Malka, the company designs women’s apparel and accessories, selling its product under the trade names Halston and Halston Heritage. The company offers women’s dresses, eveningwear, sportswear and handbags.
“Throughout my career at Halston, Wells Fargo has been a strong and reliable global financial services provider,” said Ben Malka, chairman and CEO of Halston. “I look forward to a new chapter of exciting growth with the Trade Capital team.”
“We’re excited about the opportunity to work with Halston, Ben Malka, and the exceptional team that he has assembled as the company continues to expand the reach, appeal and success of an iconic brand,” said Kevin Sullivan, executive vice president and West region manager of the Trade Capital Division of Wells Fargo Capital Finance.