AEG Steps in as CRO to Guide Struggling Retailer through Restructuring [more]
1/10/25AEG has been appointed as the Chief Restructuring Officer (CRO) for a specialty retailer facing significant financial challenges. With a continued decline in revenues over several years, the company was on the brink of a liquidity crisis. AEG collaborated closely with the company's seasoned management team to identify and address critical cost structure issues, ensuring the business had enough runway to reposition itself within the market. Through strategic restructuring, AEG developed a comprehensive plan that earned the support of the company's bank group. This initiative has provided the company with valuable time to refinance its senior debt and stabilize its financial footing.