Provider of private label casual apparel, Tarrant Apparel Group, said Monday it has secured a $25 million line of credit from UPS Capital Global Trade Finance Corporation to replace the credit line previously provided by Hong Kong & Shanghai Bank.
Tarrant Apparel CEO, Eddy Yuen, commented: “We are pleased to take this important step with UPS Capital and look forward to a long term relationship.
“Both sides have started to explore the possible expansion of this relationship, including supply-chain finance in Mexico and application of the logistical and distribution expertise of the UPS group to support our long term growth.”
(www.just-style.com.
Date:8/20/2002
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