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Cache enters $30 million credit facility
New York – Cache Inc. has entered into a new, three year, $30 million revolving credit facility with Salus Capital Partners LLC. The new facility replaces the company’s existing $25 million revolving credit facility with Wells Fargo Bank, National Association.
“We are pleased to have secured this new credit facility with Salus Capital, which improves our financial flexibility as we continue to implement our turnaround plan to position Cache for profitable growth,” said Jay Margolis, chairman and CEO Cache. -
Report: Lululemon to open men’s store in Manhattan
New York -- Lululemon Athletica signed leases to open two new stores in the Soho section of downtown Manhattan, including its first-ever freestanding store for men, The Real Deal reported.
The men’s store will be located at 127 Prince Street. The women’s store will take space at 125 Prince Street.
Lululemon is on track to open some 45 locations this year.