Archive for the ‘Finance’ Category

London Fashion Business Assistance and Resources for Designers

The following list is a for designers looking for business assistance to help them make their mark in the Fashion market

Center For Fashion Enterprise (CFE) based on the London College of Fashion, is a business development program that works with early stage design companies. The CFE works with and partners with the London Development Agency and the London College of Fashion to provide business support for new Fashion Labels. The CFE provides services to fund and develop new connections, PR, Marketing and Sales Support, manufacturing links, business planning, strategic advice, accounting and access to new investors.

The British Fashion Council is the official voice of the designer fashion industry. It aims, with the help of industry benefactors, to promote British fashion designers worldwide.
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Los Angeles Fashion Resources and Business Assistance

The following is a list of Fashion resources in the LA area

Business Services

Fashion Business Inc (501c3) provides the fashion industry with the resources and training, to support its growth and profitability. The FBI offers targeted business education, sourcing, networking opportunities, marketing and consulting services through its resource center and business partnerships. Some of the Services available are:

• Professional development, mentoring, business and management training to owners of apparel businesses. (more…)

Fashion Business Assistance in New York

From Guideye.com

The following resources are for designers, and apparel manufacturers looking for help to start or expand their own businesses:

Business Services and Incubator

NY Designs Business Center focus is New York based designers working in the fields of: product design, industrial design, fashion design, graphic design, interior design, architecture, lighting design, set design, jewelry and craft (artisans). Real Estate is available for lease.

Garment Industry Development Corporation (GDIC) this is a Non-profit corporation created by the City of New York, (more…)

Factoring in the Fashion Business: better than going to the bank?

by Alfred Hedaya

Factoring has been the preferred method of financing for apparel firms for decades. As opposed to bank financing which depends on profitability demonstrated by financial statements, factoring can provide needed working capital based on a companies sales.

A major challenge the fashion industry presents to banks is the relative unpredictability of the business. For example a company that had relatively steady sales can experience a sudden growth spurt for any number of reasons including a new hot product, opening up a new major account, or finding a new market or region to sell into. In this scenario a bank will not be able to meet the rapidly changing needs of the business. (more…)

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