Needham Financial Company Helps Out Frederick's of Hollywood
A local business has extended a $24 million line of credit to the California lingerie retailer, according to the Boston Herald.
A Needham-based commercial finance company recently stepped in to help the struggling Frederick's of Hollywood get its finances in order, according to an article posted at Boston Herald online.
According to the article, Salus Capital Partners, located at 197 First Ave. in Needham, provided the California-based lingerie retailer with a $24 million line of credit, about three months after the company reported a second-quarter loss of $3.5 million.
Frederick’s of Hollywood owns 117 stores around the country, in addition to its catalog and Web sales, according to the Herald.
See the full story at bostonherald.com.