COVER STORY
FASHIONING A SUCCESSFUL TURNAROUND: AlixPartners Restores Fashion House BCBG to its Winning Ways - The fashion industry is fickle at the best of times, and combining a fashion brand with retail stores is proving a recipe for disaster. AlixPartners was called in to save BCBGMaxAzria. Thanks to a dedicated turnaround team led by Holly Etlin and a nimble professional team, the company passed through Chapter 11 and has moved on to a successful second life.
FEATURES
THE PROBLEM SOLVER: Turnaround Management and How to Expand a Business - GlassRatner had a well-established, successful 17-year run as an independent turnaround management firm before merging with B. Riley in 2018. Ian Ratner reflects back on how the company built its own particular reputation and what eventually led to the decision to become part of a larger organization.
THE 2019 PHILADELPHIA CREDIT & RESTRUCTURING SUMMIT: Returning Veterans and New Hosts - The 12th Annual Philadelphia Credit & Restructuring Summit returned to its usual March scheduling, but that doesn’t mean everything was the same old, same old. The new ownership for ABF Journal mixed with returning speakers and established organization partners, the New York Institute of Credit, Turnaround Management Association and Commercial Finance Association, as attendees were treated to a full afternoon of industry overviews and, of course, some Jeopardy.
HOW CAN TURNAROUND MANAGEMENT HELP PUBLIC SECTOR AND NON-PROFIT ORGANIZATIONS? - Public sector and non-profit organizations are generally considered less fiscally efficient than private sector organizations and often appear to struggle financially. Can turnaround firms help these organizations improve their financial operations? Mark Howard has worked with public sector and non-profit organizations for decades, and he shares why he thinks the answer is a “qualified yes.”
THE CHANGING RETAIL MARKETPLACE: A Lender’s Guide to Evaluating a Retailer’s Chance of Success - The retail landscape has changed and savvy retailers are adapting their businesses to meet the needs of 21st century consumers. Glenn Sniezek explains the signs that lenders should look for to determine if a retailer is worthy of continued support or if the cord needs to be cut.
THE TURNAROUND MANAGEMENT ASSOCIATION - When I joined TMA more than 18 years ago, it was a pleasure to become a part of a community that was enthusiastic and connected and whose members collectively made each other better professionals. Today, I am honored to take the reins as this year’s president of TMA Global, standing at the center of an […]
SPECIALTY LENDING
MODERN PURCHASE ORDER FINANCE OFFERS FLEXIBILITY TO SUPPLEMENT TRADITIONAL LENDING METHODS - Although purchase order finance is not a new product, many traditional lenders do not realize that it has changed with the times and offers new options. Edward King explains how PO finance companies can partner with lenders to create innovative solutions for borrowers.
LEGAL LINES
LEGAL LINES: FINDING THE SWEET SPOT AS LEGAL AND COMMERCIAL ADVISOR TO LENDERS - An attorney who advises lenders has the ability to offer more than legal advice to help these clients. Lon Singer examines the many facets of lender relationships with counsel.