Bibby Financial Services Helps Apparel Companies Pursue New Strategies as
Bibby Financial Services is seeing changes in the apparel industry as companies adjust to the
effects of constrained capital. As a financing source to the apparel industry through accounts
receivable and purchase order financing, Bibby Financial Services helps small and
medium-sized companies find viable options so they can pursue growth and new business
Los Angeles, CA (PRWEB) Oct. 19, 2009 -- Apparel companies, still feeling the effects of constrained capital,
are seeking new business strategies to help them prepare for success in a changing economy , said Bibby
Financial Services which specializes in providing accounts receivable and purchase order financing to small and
medium-sized businesses, including those in the apparel industry.
"Apparel companies must still get their clothing and shoes manufactured and distributed to the stores," Bibby
Financial Services Managing Director Nick Hart said. "Given limited access to capital in today's bumpy
economy, we are working with a number of apparel companies to help them find viable options to keep their
A major trend, Hart said is for designers to license production of their goods to other companies.
"That shifts the cost of production to the licensee. The brand might be created by a highly visible designer or
performer, so personal reputation is at stake," Hart explained. "Designers like this arrangement during times of
reduced liquidity because it allows them to concentrate on the design and brand management without spending
time on financing and manufacturing issues."
Despite the still precarious economic environment, a second trend in the apparel industry is the burst of many
new start-up companies in the fashion world.
"Designers are leaving existing houses to start their own businesses," Hart explained. "Business disruption
always creates lots of opportunity and that's what we are seeing. It used to be t