Jessica Simpson secures 67.5 million dollar loan for fashion brand

jessica simpson secures 67 5 million dollar loan for fashion brand

Sumary of Jessica Simpson secures 67.5 million dollar loan for fashion brand:

  • Jessica Simpson has secured a 67.5 million dollar term loan from Second Avenue Capital Partners, the lending arm of SB360 Capital Partners, for her clothing brand, The Jessica Simpson Collection.
  • Simpson, who open her label in 2005, acquired 100 proportion of the brand, together with her parent, Tina, in 2021 following the acquiring of Camuto Group, the label’s previous stakeholder, by Designer Brands Group and Authentic Brands Group.

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