Bibby Financial Services announces an ongoing successful business partnership with August Accessories. The privately-held apparel and fashion company designs and distributes accessories such as hats, scarves, handbags and watches to major retailers including Bloomingdale’s, Saks Fifth avenue and Macy’s. August Accessories is also a major player in the tech fashion market.
August Accessories first engaged with Bibby Financial Services during a period of slow economic growth in the apparel sector. A 20-year veteran in the apparel and accessory industries, the company knew opportunities for growth still existed in the market and needed access to flexible funding to produce and distribute accessories while the economy stabilized. Bibby Financial Services recognized that potential and stepped in with a tailored funding solution that enabled August Accessories to refocus its efforts on innovation and growth in the accessory market.
“We turned to Bibby Financial Services during a time when banks were not lending, and when they did lend, it came with very strict regulations,” says Trent Valladares, owner and CFO of August Accessories. “Their support has been a big part of our success, and as we continue to grow our business, we trust that they will be there for every step.”
Through accounts receivable funding and inventory financing, August Accessories expanded its presence and profitability with national and international brands and retailers. Bibby Financial Services and August Accessories’ successful business partnership has spanned seven years.
“It is essential that the companies designing the fashion sold by some of the largest national and global retailers have a financing partner who can provide them with the capital needed to expand their product lines,” says Leigh Lones, Bibby Financial Services Americas CEO. “The variety of our financial offerings allows us to tailor a solution that will ensure quality products reach the shelves.”
Bibby Financial Services, a worldwide market leader in business cash flow solutions, supports businesses of all sizes with flexible, customized financing solutions. With its asset-based lending and factoring products, the company provides clients access to the working capital needed to grow and support their businesses. Bibby Financial Services is proud to have helped more than 8,900 clients grow their businesses by providing nearly $1 billion in funding across the globe. It operates offices in seven North American cities and 16 countries. Bibby Financial Services is a subsidiary of The Bibby Line Group, a privately held company established in the United Kingdom in 1807.