Daily News: August 15, 2012

Home Furnishings Veteran Launches Senior Financial Consulting Firm

Respected home furnishings industry veteran Ron Downs has launched The Downs Group, providing senior financial consulting services to the furniture and home furnishings industry working with manufacturers, distributors and its suppliers. The Downs Group specializes in corporate finance and restructuring, financial planning, reporting and analysis, interim c-level management, internal audit and control framework, licensing agreements and requirements, mergers and acquisitions advisory, operations audits and analysis, planning and control systems and business development.

“I’m taking my experience and expertise to the next level. My unique combination of strong, hands-on expertise, combined with significant senior executive management and consulting experience in the furniture and home furnishings industry makes me a perfect fit for a broad range of consulting assignments for any size business. I swiftly analyze the current situation and provide value-added, cost-effective, timely and quality solutions,” Downs said.

The Downs Group brings five key factors to each assignment: confidentiality, experience, expertise, results and follow-up. “The Downs Group is the cornerstone, driving superior results and functioning as a trusted advisor at any stage of the business life cycle,” Downs says.

The Downs Group provides senior financial consulting services to business, banking, factoring, investment, legal and private equity entities.

Downs has more than 35 years of strong, operations-oriented senior financial executive and consulting experience in the home furnishings industry at the corporate, group and business unit levels working with more than 75 public and privately held companies, ranging in size from startups to $1 billion facing critical issues, including industry consolidation, technology changes, governmental regulations, distribution channel changes, sales and margin erosion, asset re-deployment and global strategic alliances. Downs has excellent long-standing working relationships with many attorneys, auditors, bankers, brokers, c-level executives, factors, private equity groups and extensive furniture and home furnishings industry contacts.

Prior to launching The Downs Group, Downs was treasurer and chief financial officer at Taylor King Furniture, Inc. Before Taylor King Furniture, Downs had a successful senior management consulting company, providing financial and operational advisory services to over 50 companies, including many major furniture and home furnishings industry manufacturers, distributors and suppliers. Previously, Downs held senior financial and planning executive management positions with Ayers Furniture Industries, Alexvale Furniture, Hickory-Fry Furniture, Congoleum Corporation and operational finance positions with Hammary and Stanley Furniture.