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CRISIL Downgrades Winsome's Short-Term Facilities to 'D'
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The CRISIL Ratings agency downgraded the short-term bank facilities of Winsome Diamonds & Jewellery Ltd. to ''CRISIL D'' from ''CRISIL A4/Rating Watch with Negative Implications.'' CRISIL listed Winsome's total credit facilities at $715...
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Financial-Legal
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May 03, 2013
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Jeff Miller
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Bank Pains
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There is an increasing unease in the diamond trade that the banks are reducing their exposure to the industry. For a trade so heavily reliant on credit, the concern is justified. The banks are taking a more cautious approach...
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Rough Markets
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Mar 16, 2013
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Avi Krawitz
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Alliance Data to Drive Loyalty Program for Blue Nile
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Alliance Data Systems Corporation, a loyalty and marketing solutions provider, signed a multi-year agreement with Blue Nile to create and manage a private label credit card program. Benefits for customers of Blue Nile will include flexible financing options and no annual card fee, as well as online account...
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Marketing
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May 10, 2012
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Jeff Miller
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Neiman Marcus Stores to Accept Visa, MasterCard
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Neiman Marcus has entered into agreements with Visa and MasterCard to enable customers to use MasterCard and Visa credit, debit and prepaid cards at all 41 of its stores nationwide starting on November 1. "We listened to our...
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Financial-Legal
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Oct 27, 2011
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Ricci Dipshan
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Zale Implements NewComLink Platform
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Zale implemented the NewComLink platform as part of a program to provide alternative financing options to its U.S. customers. Through the NewComLink platform, Zale can connect customers with additional financing options to help complete their jewelry...
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Technology
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Oct 25, 2011
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Jeff Miller
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Macy's Signs New Bank Credit Agreement
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Macy's Inc. entered into a $1.5 billion bank credit agreement that will mature on June 20, 2015. The deal replaces a previous $2 billion facility, which was set to mature on August 30, 2012. Under the...
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Financial-Legal
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Jun 20, 2011
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Jeff Miller
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JCPenney Completes $1B Credit Facility
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U.S. retailer JCPenney completed a new five-year $1.25 billion bank credit facility. The new credit replaces a $750 million facility that was scheduled to mature in April 2012 and provides further strength to the department...
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Financial-Legal
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May 02, 2011
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Jeff Miller
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