Global fashion and lifestyle brand Nicole Miller has a new secured credit facility provided by the financing arm of retail advisory firm Gordon Brothers.
The amount of the credit facility was not disclosed, but Gordon Brothers stated Thursday that the financing was secured by the company’s intellectual property. The financing will be used to “fund strategic growth initiatives,” Gordon Brothers said.
“Over the past thirty years we have successfully developed Nicole Miller into a leading lifestyle brand by bringing our unique design aesthetic to the ever-changing world of fashion, accessories and home décor,” Nicole Miller, designer and CEO, said. “Gordon Brothers understands the value of our business, and we are excited to partner with them as we continue to expand and grow.”
“Being able to work with an iconic brand and designer like Nicole Miller is at the core of what we do at Gordon Brothers,” Tobias Nanda, president for the Brands group, said. “Throughout our decades-long history of financing consumer brands, we have become the expert in identifying those with significant value and helping to unlock that value for our partners.”
Gordon Brothers historically has been best known for providing assistance to retailers on the asset disposition side. The firm eventually shifted gears and became a full-service advisory firm, including a finance arm to provide fashion and retail brands with an array of financing options, such as the bridge loan last year for Brooks Brothers.
Gordon Brothers also has become an investor in brands. Last year it acquired Laura Ashley out of bankruptcy. It subsequently inked a licensing deal to relaunch the Laura Ashley home line on the Next plc’s Total Platform. The Platform is an online infrastructure operation that provides partners with a turnkey solution for the website, call centers, warehousing, distribution, returns and connected retail services that are handled by Next.