CIT provides funding for the production of US fashion brand Kenneth Cole

CIT, a division of First Citizens Bank, has announced that it has appointed Kenneth Cole Productions, Inc., as chief financial officer for a well-known men’s and women’s fashion brand. This new funding – arranged with the participation of Whitehawk Capital Partners – will be used by the company to refinance existing debt and support future growth opportunities.

Headquartered in New York City and founded in 1982, Kenneth Cole Productions is known worldwide for its fashion products in the footwear, handbag, apparel and perfume divisions.

“With the global epidemic declining, Kenneth Cole Productions is in a good position to grow due to continued consumer spending and demand for branded products,” he said. Andrew Stoko, chief financial officer of Kenneth Cole Productions. “We appreciate CIT’s ability to manage this financing which will help us achieve our strategic business objectives.”

CIT, a division of First Citizens Bank, has announced that it has appointed Kenneth Cole Productions, Inc., as chief financial officer for a well-known men’s and women’s fashion brand. This new funding – arranged with the participation of Whitehawk Capital Partners – will be used by the company to refinance existing debt and support future growth opportunities.

“Kenneth Cole is an internationally recognized brand with strong performance and potential in several product divisions. We are pleased to be able to assist them in arranging this funding,” he said. Chris Esposito, Managing Director and Head of CIT’s Asset-Based Lending Business Group.

Fibre2Fashion News Desk (KD)