Bringing a Fashion Retailer Back to Form

FTI Consulting experts took on a CRO roled and led the operational turnaround in the face of challenges in financial and operational performance.

Our Impact:
  • Immediate implementation of cash management discipline, expanding the runway and strengthening cash forecast capabilities
  • Improved operational efficiency across the wholesale and retail footprint, digital performance and inventory management
  • Structural drivers of underperformance, including supplier delays and insufficiencies in the financial and operational KPIs reporting, were identified and quantified
  • Clear and defined strategic options could now guide shareholder decision-making, through the three-year business plan, and alignment and confidence between management and shareholders was restored, enabling informed investment decisions
  • A positive EBITDA was secured as a result of stabilised commercial performance

Our Role:

FTI Consulting was retained as a turnaround advisor to stabilise the business and define a path back to profitability, with success measured against the following key outcomes:

  • Delivering an aligned diagnostic and transformation plan; developing a robust three-year business plan (including a more transformative scenario)
  • Supporting engagement with lenders, including debt negotiations, covenant structuring and amortisation requirements in partnership with existing advisors
  • Driving revenue growth and margin improvement through targeted commercial and operational actions
  • Implementing a disciplined cost reduction programme underpinned by enhanced financial transparency, forecasting and cash monitoring

Published

April 15, 2026

temp Key Contacts

Raphaël Miolane

Senior Managing Director, Head of France Corporate Finance & Restructuring

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