top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

CIT Reaches Restructuring Deadline

(Filed Under Financial and General Interest News). Ailing commercial lender CIT Group, Inc.—which has been fighting off bankruptcy for the past several months—reached its restructuring deadline on Wednesday, September 30th. The company, a major lender for the apparel industry, said in an August filing with the Securities and Exchange Commission that it is in danger of being forced to file for chapter 11 protection if the restructuring plan does not improve its financial position.

According to reports, the restructuring plan may consist of selling business lines or assets and offers to extend debt maturities.

101-year-old CIT Group, Inc. is one of the largest lenders in the country of small to medium-sized businesses including many in the fashion industry. It is unclear whether or not bankruptcy would mean that the lender would continue to service the industry.

more Financial and General Interest News >>

Published 10-01-2009 by Amanda Torres Price

Related Articles

CIT Opens DC Office
CIT Hires Quinlan as Banking EVP
CIT Hires Rowe As EVP
CIT Sells 50% Interest
CIT, Li & Fung Expand Relationship
CIT CEO Jeffrey M. Peek Resigns
CIT To Launch Restructuring Plan
CIT Reaches Restructuring Deadline

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Related pictures

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow