Tiger Finance has provided a $15 million revolving credit facility to Ashley Stewart, the women’s fashion and lifestyle brand founded in Brooklyn in 1991. The financing enhances the company’s liquidity position and will support ongoing growth initiatives under new ownership.
The capital infusion follows the recent acquisition by G Ashley of Ashley Stewart’s assets through a UCC Article 9 sale. The new capital will support inventory procurement, supply chain continuity and omnichannel initiatives designed to improve both customer experience and margin performance.
“This revolving line of credit strengthens the company’s near-term liquidity profile and supports a disciplined restructuring process,” Andy Babcock, senior managing director of Tiger Finance, said. “Our facility is designed to provide Ashley Stewart with the working capital flexibility needed to stabilize operations and position the brand for improved profitability.”
Babcock added, “Our experience in retail and consumer strategic realignment gives us strong conviction in supporting businesses with durable brand equity and clear paths to operational improvement. Ashley Stewart fits that profile well.”
Sarika Gupta, chief financial officer of Ashley Stewart, said, “This partnership underscores Ashley Stewart’s longstanding resilience and ability to reinvent itself through changing retail cycles. With added liquidity, the brand will accelerate ongoing transformation initiatives while staying true to its mission of serving and uplifting curvy women.”
