Months After Taking Control of Her Company, Jessica Simpson Closes on New Financing to Continue Growth
Click here to read the full article. Jessica Simpson is banking on a big new investment.
The actor and singer turned designer has closed on a $67.5 million term loan from Schottenstein backed Second Avenue Capital Partners (SACP) for her eponymous line, The Jessica Simpson Collection.
According to SACP, the new financing will be used to retire an existing credit facility and provide additional liquidity to fund new growth and a rapidly expanding portfolio.
This news comes months after Jessica Simpson and her business partner and mother Tina Simpson acquired 100% of the brand from Sequential Brands. Sequential bought the majority share from...