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Desperate Times Call for Effective Turnarounds

BCG

We refer to these as turnaround and restructuring efforts. At this point, the company starts burning through cash reserves and needs to launch a turnaround. . See Transformation: The Imperative to Change, BCG report, November 2014.) If the company does not change its course, the second stage is a profit crisis.

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AlixPartners Interviews and Culture

Management Consulted

AlixPartners is an international business advisory firm based in Southfield, MI known for its work in corporate turnarounds, bankruptcy assignments and restructuring. Generally regarded as turnaround market leaders, AlixPartners is doing a killer job at taking up more room in the consulting space by strategically hiring a plethora of gurus.

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Alvarez & Marsal Interviews and Culture

Management Consulted

This Firm Profile started as an email from Sean, asking if we could write on Alvarez & Marsal, “The Turnaround Guys”. The firm’s first turnaround client was the household brand, Timex Corporation. Turnaround and Restructuring. 2014) Due Diligence Provider of the Year – Unquote British Private Equity Awards.

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The Consulting Value Proposition

Tom Spencer

Turnarounds. An example from 2014 occurred when McKinsey poached two partners from AlixPartners, one of the world’s best-known restructuring firms. Expertise can form a crucial part of a consulting firm’s value proposition and can be something worth fighting over.

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Steel Consumption in China Declines First Time in Three Decades; Painful Rebalancing

MishTalk

China's apparent crude steel consumption fell for the first time in three decades in 2014, data from an industry association showed, a further indication of how the country's economic slowdown is hurting industrial demand. million tonnes in 2014, according to calculations published by the China Iron and Steel Association (CISA) on Thursday.

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FTI Consulting Interviews and Culture

Management Consulted

FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. Restructuring/Turnaround Services. Honored with Seven M&A Advisor Turnaround Awards. Honored by Finance Monthly as Turnaround & Restructuring Firm of the Year, Singapore.

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Lincolnshire, Illinois Approves Right-to-Work Ordinance; Battle Headed for Courts

MishTalk

Bruce Rauner's controversial Turnaround Agenda for Illinois, which many people have blasted as being anti-union. Elements of the Turnaround Agenda -- especially the right-to-work proposal -- have been criticized as unconstitutional, too. My only problem with the 2014 ruling was that it did not go far enough.