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MORGAN GRAYS WINS BACKING; MEN'S ACCESSORIES FIRM SETS SIGHTS ON EXPANSION IN BOTH U.S. AND OVERSEAS.(Company overview)

Byline: Evan Clark, Gillian Koenig

NEW YORK - Morgan Grays, a relatively fresh face on the luxe accessories and baggage scene, just got a financial shot in the arm.

Now, thanks to funding and a line of credit from EL Group and Stiassni Capital, the little company with big dreams can take the next step.

For Morgan Grays, which has grown rapidly by targeting well-to-do men with brightly colored, U.S.-made leather goods, that means moving into a new headquarters in Ware, Mass., beginning to build inventory and pushing its brand globally.

The move is a vote of confidence for Morgan Molthrop, who founded the firm with designer Stewart Grays, and a bit of good news ...

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