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Case Study
Regional Department Store Chain
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$250 million revenue, private with an equity sponsor |
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Background:
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The Company, a small, old line Midwestern department store chain, acquired a northeastern "small-box"
specialty retailer and stretched company resources beyond the breaking
point in this attempted roll-up.
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Result:
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At the Board of Director's request, Wimmer
Associates assessed the Company's retail operations, merchandising,
inventory condition and eroding comparative store sales and recommended a sale
of the business. WA
then developed
and implemented a plan to sell all 28 stores.
The lender and owners received a final settlement that far exceeded
expectations. |
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