FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Eclipse Business Capital Provides Financing to Shoppers World

June 29, 2023, 07:17 AM
Filed Under: Retail

Eclipse Business Capital provided financing to certain members of Shoppers World in conjunction with their acquisition of Forman Mills.

Shoppers World is a discount retailer with 40 locations owned by the Dushey family. With the acquisition, Shoppers World continues their growth initiative, by doubling its store count and saving jobs across the Greater Atlantic and Midwest regions.

Sam Dushey, Chief Executive Officer of Shoppers World, said, “We are excited to add Forman Mills to the SW family of business, and plan to continue operating all Forman Mills locations, and we look forward to seeing the benefits to both companies from this new acquisition."

“Eclipse is appreciative of the opportunity to partner with Shoppers World by providing them a working capital facility that will allow them to complete their business transformation,” said Jim Gurgone, Eclipse’s Chief Risk Officer.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.