Threebyone
Threebyone is a denim design and wholesaling business for brands Neuw Denim, Rolla's Jeans and Abrand Jeans.
Need
Threebyone needed working capital to export its products and expand into markets in the US, Europe and New Zealand.
Solution
We provided a A$2.5m Export Line of Credit to support Threebyone to export its products and expand its international wholesale, which was identified as a key growth area for the business.
With our support, Threebyone was able to grow its business faster and be one step closer to reaching their goal to succeed in international markets.
For multi-branded fashion and apparel company Threebyone, developing a brand locally and then launching it globally has been a successful strategy.
Founded by four veterans of the jeans industry, Threebyone comprises of three high quality brands: Neuw Denim, Rolla’s Jeans and Abrand Jeans. These brands are sold in stores across the world, including Canada, Japan, Norway, the UK and the US and through online retailers like ASOS and Boohoo.
With this global expansion has come a higher demand to keep stock on hand, putting pressure on their working capital. So the business needed extra finance to deliver these additional orders.
David Laidlaw, Chairman at Threebyone, explained that despite the brand’s strong track record and balance sheet, getting financial support for export can be a challenge.
“We were talking about this with our accounting firm Pitcher Partners,” Laidlaw said. “[They] suggested Export Finance Australia might be a good solution for us.”
Export Finance Australia allowed us to grow our business much quicker. It gave us the freedom to chase our growth and know that we can comfortably deliver on it.
David Laidlaw
Chairman, Threebyone
