Project Description
About Clothing for Modern Times
In February 2006, Crown Capital Partners provided a US$5 million follow-on investment in Clothing for Modern Times Ltd. (“CMT”), a specialty clothing retailer which operates two main retail banners: Urban Behavior and Costa Blanca. CMT provides trend-conscious apparel to the youth market, ranging from teenagers to young adults. Crown Capital Partners provided financing to CMT to assist the company with its United States growth plan.
Amount: $1.25 Million
Type: Secured Term Loan
Purpose: Growth Financing
Head Office: Toronto, Ontario
Ownership: Private
Date: February 2006