USA: White House/Black Market To Expand With $12m Credit
Women's apparel pioneer Richard Sarmiento plans to expand his White House/Black Market stores into several new markets backed by an increased line of credit from retail asset-based lender Wells Fargo Retail Finance LLC. With an additional $2m on an existing $10m credit facility, White House/Black Market founder and CEO Richard Sarmiento will open first-ever stores in Dallas, Denver, and Hartford, Connecticut. The facility will also make it possible for Sarmiento to open a second store in Houston.
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