FDI's Log-Box hits the catwalk for fashion financing
FDI, a specialist in credit management solutions for the fashion industry, has extended its product range with Log-Box Finance, which is designed for the management and financing of trade receivables. It is produced in partnership with a leading European specialist in invoice factoring. FDI has the biggest names of the sector among its clients, including Calvin Klein, Christian Lacroix and Kenzo. “We constantly aim to meet our clients’ requirements, so we decided to establish a financing service that directly covers the European and US markets using the network of FDI subsidiaries, which work daily with 28,000 boutiques in Europe and the US. Our clients benefit from an integrated solution which is locally performed,” says Dominique Chatelin, Chairman and Managing Director of FDI. Log-Box Finance is designed for companies that wish to strengthen and optimise cash flow, outsource the management of customer accounts and finance their invoices, while still maintaining control of client relationships. Client creditworthiness, bad-debt protection and debt collection are all included in the Log-Box Finance solution, as well as invoice financing with a confidential factoring solution. Log-Box Finance enables users to use a single service provider to fund invoices and closely manage domestic and export accounts. Changes to the fashion industry in recent years, such as the increase in the number of collections and a reduction of production cycles, mean that fashion companies now require increased cash-flow facilities. FDI has responded to those needs by offering a solution that combines invoice financing with the local management of accounts receivable for all European countries as well as the USA. About FDI The FDI group, which is headquartered in Chambéry (near Lyons, in south-eastern France), has been working with fashion brands for more than 20 years. In 2006, the FDI group managed €650 million worth of business for its 500 clients, which include Calvin Klein Jeans, Christian Lacroix, Closed, Dolce Gabbana, Gérard Darel, Guess, Gianfranco Ferré, Iceberg, Jimmy Choo, Kenzo, Kookaï, Liu Jo, McQ Alexander Mc Queen, Meltin’Pot, Moschino, North Sails, Red Valentino and See by Chloé. FDI has established itself as the fashion industry’s receivables-management specialist thanks to constant monitoring of 28,000 shops worldwide. FDI is present across Europe and North America through its nine subsidiaries, which are located in Barcelona (Spain), Brussels (Belgium), Chambéry (France), Frankfurt (Germany), Lisbon (Portugal), London (UK), Milan (Italy), New York (USA) and Salzburg (Austria). For further information, please go to: www.logbox.com