CASE STUDY C - TPG

(Contact - Abel Halpern / Bruce Lerner) - Global luxury brand turnaround with repositioning and growth strategy

SITUATION GOING IN

  • Well known traditional luxury brand in a “dusty” and neglected state bought as non core business from a Swiss conglomerate
  • High Management volatility
  • Financial Reporting hardly existing and Balance Sheets not under control
  • Weak Global Finance Organisation scrambling to close the books in time for stakeholder reporting deadlines and considered “bean counters” and not business focused or "value adders"
  • Very poor control environment and everybody running the business except finance
  • Globaaal Financial Systems hetrogeneous and no harmonised global data bases for Financial reporting
SITUATION 6 MONTHS LATER
  • New Global Finance Organisation recruited and set up
  • European Country finance organisations centralised into one location
  • Monthly Reporting overhauled and redesigned by setting up a global database with p+l by channels and stores and meeting stakeholder requirements
  • Finance developed into a business leader role
 

 

Impressum