SECTOR: Consumer Discretionary - Retail
CONFIRMED DATE: January 2011
ROLE: Chief Restructuring Officer
Appointed to lead successful out-of-court resolution and to consensually wind-down clothing retailer with over 200 locations, $25 million in trade debt, and sales, withholding tax, and litigation issues. The engagement came in materially under budget and returns to landlords were notably higher than initial projections. The parent corporation is BCBG MaxAzria Group. The success of this engagement was recognized as a finalist for Restructuring Deal of the Year in the $10 million to $100 million category.