D'Annunzio secures financing for global expansion
Tottowa, N.J.—Jewelry manufacturer D'Annunzio Distribution has signed a two-year, $19.2 million financing deal with Capstone Business Credit, a venture-merchant banking firm.
The deal represents $7.2 million of purchase-order financing and $12 million in factoring.
The companies expect the funding to allow D'Annunzio to continue its growth plans, including global expansion, expansion of its partnership with Warner Bros. Consumer Products and the 2007 launch of boutique stores in major U.S. markets.
D'Annunzio expects that its proprietary collections and new, licensed product lines launched in 2006 will create a sales increase of more than $7 million in 2007 and more than $10 million in 2008.
Owned by Arthur D'Annunzio, who also owns D'Annunzio Showcase Dealers, D'Annunzio Distribution successfully launched the Tweety and Tweety Platinum Blonde jewelry lines last year, based on and inspired by the Warner Bros. cartoon character. Other collections include Celebrations, Sweets, Symbols and Corsage.
The deal represents $7.2 million of purchase-order financing and $12 million in factoring.
D'Annunzio expects that its proprietary collections and new, licensed product lines launched in 2006 will create a sales increase of more than $7 million in 2007 and more than $10 million in 2008.
Owned by Arthur D'Annunzio, who also owns D'Annunzio Showcase Dealers, D'Annunzio Distribution successfully launched the Tweety and Tweety Platinum Blonde jewelry lines last year, based on and inspired by the Warner Bros. cartoon character. Other collections include Celebrations, Sweets, Symbols and Corsage.
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