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Latitudes raises expansion capital. (company profile)
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Latitudes raises expansion capital
Latitudes, a San Diego-based retailer of beach, boating and leisure wear, is raising $1 million to expand its seven-store network fivefold over the next several years.
William Simmons Jr., founder and president of the company, said he's working with Corporate Management Inc. to sell $600, 000 in subordinated debt and $400,000 in preferred stock. The capital infusion will enable Latitudes to add six to nine stores in the Sun Belt during the next year, and Latitudes wants 35 stores by the end of the decade.
Simmons ...
 "Albany Times Union (Albany, NY)")
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 "Evansville Courier & Press (2007-Current)")
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