FGI Finance provided a $50 million facility to Joseph Ribkoff, a women’s fashion brand with a presence in the premium contemporary apparel market. The company was looking for a more flexible and creative working capital facility and reached out to FGI to leverage its expertise in crafting global facilities in the apparel industry.
Working closely with the management team as well as the ownership group, including Novacap, Fonds de solidarité FTQ and DNA Partners, FGI structured a multi-jurisdictional working capital facility of up to $50 million, supported by the company’s assets across 10 international jurisdictions. This global facility provides the company with the flexibility and availability it needs to meet its strategic growth objectives.
“Joseph Ribkoff operates on the guiding principles of passion, partnership and persistence. The “3 Ps” guide our actions, our team and the choices we make,” Stephen Belfer, president and CEO of Joseph Ribkoff, said. “From our first conversations with FGI, it was clear that the team shares our values, and they confirmed that with their commitment to structuring a flexible, comprehensive solution to our financing needs. We look forward to this continued partnership and working with FGI for years to come.”
