Retail Solutions, a leading European retail advisory and consulting provider, shifts focus to Turnaround Management as clients are anticipating the continued deterioration of lending conditions and increased non-performing loans in Emerging Europe. September 27, 2012
Retail Solutions, a leading European retail advisory and consulting provider, shifts focus to Turnaround Management as clients are anticipating the continued deterioration of lending conditions and increased non-performing loans in Emerging Europe. A recent survey by the Institute of International Finance shows the credit crisis in Western Economies continues to adversely impact emerging markets.
In February 2012, PMR the emerging market retail news agency, published an article on Russian retail consumer electronics market challenges written by Art Vartanian, Managing Partner of Retail Solutions. At the time of writing this article, the Euro crisis was just beginning to trickle to emerging markets that were successfully recovering from the emerging market crisis of 2008.
The continued struggle and decline in the Euro Zone appears to now be having an impact on lending in Emerging Europe that requires a closer attention to operational efficiency during these challenging times. Mr. Vartanian commented, “We look at the retail options from a banking perspective as well as a long term strategic retailer perspective. We then design a solution that gives value to both parties.“
For Retail Solutions, it was an ideal time to stress our services focused on Management Turnaround using our 7 step methodology. This process enables a rapid assessment of the business to create value and provide lenders with increased comfort during an operational turnaround...Services are targeted to chain store retailers and are broken down into five general categories; Big Picture Retail, Retail Operations, Financial and Partnering. Retail Solutions primarily operates in Russia, Czech Republic, Slovak Republic, with partnerships in Armenia and now Romania.
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For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/9/prweb9950121.htm