BofA Vet Carnoy Joins AlixPartners as CFO

Global consulting firm AlixPartners appointed Lisa Carnoy chief financial officer. Carnoy will be based in the New York office and serve the firm’s management committee.

Retail Expert Hamory Joins AlixPartners from KPMG

Retail pricing and promotions expert Matthew Hamory joined AlixPartners’ growing retail practice as a managing director. He will work out of the Boston office.

AlixPartners Promotes 24 to Managing Director

AlixPartners promoted 24 staff members to managing director. The promotions, which span all of AlixPartners’ service areas and geographies, are effective immediately.

AlixPartners Predict Retail Distress Will Continue in 2018

AlixPartners conducted its annual survey of restructuring professionals, with the results predicting continued distress in retail and more activity in the healthcare, restaurant and power industries. Tax reform, the survey said, is a wash.

Deloitte, Houlihan Lokey Veteran Lee Joins AlixPartners

AlixPartners appointed Richard Lee as a managing director in the firm’s Financial Advisory Services practice. He will work from the Dallas office.

Bon-Ton Amends BofA-Led ABL Credit Facility

The Bon-Ton Stores amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the company with immediate flexibility and substantial additional liquidity under its current credit facility.

Bon-Ton Hires AlixPartners to Oversee Turnaround

Reuters reported that U.S. department store chain Bon-Ton Stores hired advisory firm AlixPartners to help turn around its business and slash its debt load.

Separating Good Business from Bad Business: Managing Your Exposure to Money Laundering

Money laundering is the process of making illegally obtained money appear legal. These funds may be used by drug cartels or to fund terrorist activity. The U.S. has instituted strict regulations against money laundering and billions of dollars in fines have been levied against financial institutions that have failed to comply. Sven Stumbauer offers guidelines to help companies abide by the regulations and be more aware of the potential for illegal activity.

Study: Offshore Supply Vessel Companies Running Out of Options

According to a study conducted by AlixPartners, 2017 could be one of the toughest years in decades for offshore supply vessel companies as lower demand, shorter charter contracts and reduced rates impact the players.

Credit Suisse, BofA Agent DIP for Gymboree Restructuring

Gymboree secured commitments for $35 million in new-money debtor-in-possession financing from a majority of its existing term loan lenders and up to $273.5 million in additional DIP financing from the existing lenders under Gymboree’s asset-backed loan credit facilities.