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Foremost Groups – import financing
26 March 2010
Less exposure and faster payments
Issuer: JP Morgan
Client: Foremost Groups
Amount: $57 million |
JP Morgan arranged this unique supply chain solution for two valued clients that reduces concentrated accounts receivable exposure and promotes growth through low-cost financing – vitally important in the current economic climate.
New Jersey-based Foremost Groups makes indoor and outdoor home fixture products for major US department stores. Its plumbing, outdoor furniture and indoor furniture divisions utilise factories in China and sourcing centres in China...
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