Case Studies
A 50-year-old multi-channel, direct-to-consumer retailer offered a broad selection of consumer products at affordable prices through six catalogs, seven e-commerce channels, and an onshore call center.
Despite strong vendor relationships and significant customer loyalty, the Company’s revenues and profits had declined to the point of insolvency due to increased competition; rising costs of paper, shipping, and labor; supply chain challenges resulting from the COVID-19 pandemic; and other economic factors.
Our experts served as Assignee in the Assignment for the Benefit of Creditors (ABC), improving creditors’ recovery from zero to $2.5MM+ by designing and implementing the competitive sale of business assets and substantially reducing vendor claims.
Keys to the successful outcome included:
Obstacles Encountered & Our Solutions
Jake DiIorio
Managing Director,
Strategic Advisory
+1 213 235 0609
[email protected]
David Stapleton
Senior Managing Director,
Strategic Advisory
+1 213 235 0601
[email protected]
> Fiduciary Services – Receivers, Assignees, Trustees
We deliver unbiased, expert solutions in court-mandated and out-of-court situations that demand a third-party fiduciary, including insolvency, fraud, litigation, and shareholder disputes. Our full-service team of financial and operational experts serve as Federal and State Receiver, Bankruptcy Trustee & Examiner, and Assignee for the Benefit of Creditors (ABC), designing and implementing recovery strategies to maximize the value for all stakeholders.
> Strategic Advisory
From strategy to execution, we help clients overcome complex enterprise challenges and realize long-term, sustainable business value. The solutions we deliver are derived from a combination of technical, scientific, financial, and strategic expertise and unrivaled understanding of both tangible and intangible assets.