CIT Supply Chain Finance Unit Expands Capabilities

CIT Group’s Supply Chain Finance unit, part of its Commercial Services division, is expanding its capabilities, including the implementation of a new cloud-based supply chain finance platform.

ABL Vet Younts Joins CIT Commercial Services

CIT Group added Jerry Younts to its Commercial Services team as a senior business development officer. Younts will be responsible for offering factoring and asset-based financing services.

CIT Names Former Monroe MD Adelson to Commercial Services Team

Marc Adelson joined CIT’s Commercial Services business as managing director and Northeast regional manager. Adelson joined from Monroe Capital where he was a managing director.

CIT Commercial Appoints Western Regional Sales/Portfolio Manager

CIT Commercial Services appointed Darrin Beer as western regional sales and portfolio manager. Beer has served with CIT since 1999, when it acquired the factoring portfolio of Heller Financial.

No, Actually Malls Aren’t Dead: Three Reasons Why

It seems like only yesterday that the mall replaced Main Street as the place to hang out with friends, grab a burger or hunt for a pair of trendy jeans. Now the internet and social media have turned many malls into ghost towns as brick-and-mortar stores struggle to stay afloat and kids hang out on Snapchat and Instagram instead of the food court. But many malls are fighting back and using technology to reinvent themselves. Writer/editor Natalie Burg reports that malls aren’t dead yet.

CIT Appoints Heller President of CIT Commercial Services

CIT has named Marc Heller president of CIT Commercial Services following the retirement of current president Jon Lucas.

CIT Commercial Services Appoints NE Regional Sales Manager

CIT Group appointed Louis Barone as managing director and Northeast regional sales manager of CIT Commercial Services.

Joe’s Jeans to Sell Assets, Rebrand & Retire CIT Revolver

Joe’s Jeans will sell Joe’s brand and operating assets for $80 million to two separate buyers. The company also will retire its outstanding indebtedness to CIT upon completion of a merger with RG Parent.

‘Everyone Looks Good in the Black: Retailers in Economic Rebound’

CIT executives hold roundtable discussion on trends and growth prospects in the apparel, furniture and consumer electronics sectors.

CIT Agents The Levy Group $90MM Financing

CIT Group arranged and syndicated a $90 million senior secured credit facility to The Levy Group, a designer, manufacturer, importer and distributor of men’s and women’s apparel.