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Daily News – September 30, 2009

September 30, 2009

WWD is reporting some changes in the senior management at Armani to ease the workload of the 75 year old designer. The Globe & Mail is also reporting that CIT is in discussions for a $10 billion dollar rescue financing opportunity.  The company is currently on its last legs financially, and news of the potential bailout has the stock up over 20%.  Financing for the company would mean the survival of many companies in the garment industry who rely on CIT for their Factoring.


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