Reference
Premium sock brand “von Jungfeld” is
on a growth trajectory with A.B.S. Factoring
stilfaser GmbH, known for its premium sock brand “von Jungfeld”, has embarked on an impressive growth trajectory through its collaboration with A.B.S. Factoring. Thanks to flexible and rapid liquidity solutions, the company has been able to drive forward its internationalisation and significantly expand its market presence. This case study demonstrates how bespoke financing strategies can help a young company successfully establish itself in the international market and secure sustainable growth.
Foundation2013- Countries11
- shops650
Our client
stilfaser Ltd
Since its foundation in 2013, stilfaser GmbH, known for its premium sock brand ‘von Jungfeld’, has stood for quality, style and sustainability. From the very beginning, the company’s mission has been to design socks that impress not only with their appearance but also with their sustainable production. The socks are made from ethically sourced materials and combine timeless elegance with the utmost comfort. With a diverse range of colours and patterns, we cater to both classic and bold tastes.
About the company
Sector: Clothing industry
Year founded: 2013
Website: https://jungfeld.com
Financing: Capital increase, bank loans and factoring
Factoring category: Export, start-up, SMEs
Gone are the days when men’s socks – closely followed by ties – were considered the ultimate unwanted Christmas present. For some time now, the colourful and patterned socks and stockings from the fashion label ‘von Jungfeld’ have been a way to make a fashion statement. It is part of stilfaser GmbH, founded in Mannheim in 2013, which has already embarked on a course of expansion after only a short time.
Four years after its foundation, the premium sock label can already be found in 650 shops across 11 countries. Thanks to its multi-channel strategy, the brand is represented in chain stores, fashion boutiques, independent retailers and online.
The solution
Following the DACH region, other countries will soon be able to enjoy these creative premium socks and stockings too. The young company can rely on a sound financing mix comprising a capital increase, bank loans and factoring. The latter is provided as a full-service solution by Germany’s largest bank-independent factoring provider: A.B.S. Global Factoring from Wiesbaden.
To secure the necessary liquidity for further growth plans, the start-up relies not only on capital increases and bank loans but, in particular, on factoring. The sale of receivables enables the sock pioneers to convert outstanding receivables into predictable liquidity on a sustainable and ongoing basis.
However, the benefits of factoring go far beyond simply increasing liquidity for growth. It also provides significant relief for human resources. The cost-saving effect can be quantified in concrete terms: the equivalent of one full-time employee saved in financial accounting. Instead, all tasks associated with accounts receivable management are in highly professional hands at A.B.S. This frees up our clients to focus on their core business. Meanwhile, they can strengthen relationships with their customers and provide long-term relief for their own staff.
Why choose factoring with A.B.S.?
What was the deciding factor in choosing A.B.S. Factoring? Founders and managing directors Lucas Pukert and Maria Pentschev are convinced:
Straightforward growth financing
“Our brand can now be found in sneaker shops, trendy boutiques and bespoke tailors – a success that required a great deal of perseverance, self-belief and the right financing strategy. Thanks to factoring, we’ve been able to consolidate our position in the market. Now it’s time to keep growing and expanding!”
Outsourcing of financial services
“Credit checks, debt collection and the risk of straining customer relationships – these are all challenges within our own finance department. That’s why we prefer to leave these tasks to the professionals and focus entirely on our business.”
Peace of mind and time for what really matters
“Our success lies in the details – from the choice of yarn and the design right through to the packaging, we leave nothing to chance. By working with A.B.S., we can strengthen our customer relationships, take the pressure off our team and focus on what really matters.”
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