The California Fashion Association held its fifth annual Economic Crystal Ball at the City Club in downtown Los Angeles. The event attracted over 200 industry executives, and was hosted by Wells Fargo Capital Finance, with sponsorship from Moss Adams LLP.
Dr. Eugenio Aleman, Senior Economist for Wells Capital Management detailed the current financial “mess,” and offered significant projections and a thesis for the future.
As the featured guest speaker Marshal Cohen of the NPD Group gave an outstanding presentation entitled, “Retailing in Today’s World… a Look to the Future,” with an overview of current economics as they affect retail business decisions from the consumer’s point of view.
Stuart Brister, CEO and President of Wells Fargo Capital Finance, outlined fashion industry lending directions; Rich Anderson, Managing Director of Moss Adams Capital LLC, gave positive projections for M&A activity for the coming year. The event was moderated by Kevin Sullivan, Executive Vice President of Wells Fargo Capital Finance; the program was introduced by Lonnie Kane, owner of Karen Kane, Inc., and Chairman of the California Fashion Association.
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