Case Studies—Retail

Retail Company

A 100+ store giftware retailer engaged NHB pre-petition to provide advisory services at the behest of the equity sponsor group, which faced a decision whether to put in more money when sales suffered following September 11th. The NHB team included Harvey Nachman, and John Palmer, CTP. The assessment indicated that further investment would not be advisable and that a dramatic reduction in number of stores was immediately necessary. A well-planned Chapter 11 filing ensued with NHB as Debtor’s Financial Advisor, and enabled the client to reduce its real estate obligations. NHB helped to position the company for a going-concern sale that produced stronger than expected results.

Group of Auto Accessory Businesses

A caseteam led by Howard Brownstein and featuring NHB Managing Director John Wall managed, through a difficult interim over a several month period, they successfully closed on all sales of five auto accessory businesses spread across the country. Substantial value was realized from the sales, which included one cross-border transaction.