Jan
10

Ex-RadioShack Lender Starts Firm to Bet on Retail Turmoil

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  • New company will make asset-based loans to consumer brands
  • Salus founder, former CEO of Frederick’s of Hollywood team up

A former lender to RadioShack Corp. and a one-time chief executive officer of Frederick’s of Hollywood are teaming up to provide a new source of funding to retailers, aiming to capitalize on upheaval at shopping malls.

Andy Moser and Thomas J. Lynch, two industry veterans, are starting a Boston-based firm called Scargo Hill Capital that will make asset-based loans to consumer companies. The founders expect to work with emerging businesses that may not be able to get a loan from a traditional bank, in addition to providing a lifeline to struggling chains…

Ex-RadioShack Lender Starts Firm to Bet on Retail Turmoil

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