From Yahoo Finance: 2025-06-03 06:05:00

Canadian retailer Linen Chest secures a C$35m credit facility from Gordon Brothers to boost liquidity and support growth. The deal includes a vendor support program to ensure ongoing operations and strategy alignment. Linen Chest CEO values the partnership for long-term vision and customer value.

Gordon Brothers lends against various assets and provides comprehensive solutions beyond traditional services. The chief transaction officer highlights the deep asset expertise and retail background that will enhance Linen Chest’s efficiency. The financing aims to increase liquidity and improve overall operations for the retailer in the Canadian market.

Linen Chest expands reach by partnering with Walmart Canada’s Marketplace, offering Canadian consumers a wider selection of products. The retailer also invests in customer experience and brand loyalty through a partnership with AI-powered omni-experience platform Digital Wave Technology. The collaborations aim to enhance the shopping experience and introduce customers to new favorites.

Read more: Linen Chest secures $25m credit facility to support growth