sector
Retail - Fashion
results and
benefits
Saved owner's home and livelihood, and 50% of jobs.
Enabled prospective investors to evaluate true position.
Owner re-focused on retailing.
Trading profitably.
action
Define true financial position, identify causes of losses,
set up management accounts.
Look for investor or use IVA as exit route to
reduce impact of personal guarantees.
Reduce operating costs.
Reduce stock requirement.
issues
Rescue