Perfect Moment, the London-based fashion and sportswear brand, has closed its US $ 6 million bridge loan, as it gets ready to go public on Nasdaq later this year.
In a statement released to media, the skiwear manufacturer said that the bridge loan was to help support its rapid growth in addition to providing funding for global expansion.
Substantiating more on the same, Negin Yeganegy, Chief Executive, Perfect Moment, said that this financing reflected the confidence in brand’s vision.
Negin further added that Perfect Moment, as a brand, has gained recognition worldwide for its high-quality, distinctly fashionable apparel, which it now plans to build upon to create a recognisable, highly regarded international fashion icon.
Max Gottschalk, Chairman, Perfect Moment, said that closing of the loan will allow Perfect Moment to execute several attractive growth opportunities.
The Chairman also, reportedly, said that going public will also greatly enhance its access to capital and widen its shareholder base.
Founded in 1979, Perfect Moment is known for offering high performance lifestyle apparels with a core emphasis on woman’s skiwear, kid’s skiwear and men’s skiwear. It is sold at many retailers including Net-a-Porter and Mythersea.
