Long Established Food Retailer
Our client, a family business, was based in North England and at the time of investment comprised 83 food retail shops, a significant production facility and an associated transport operation.
The company was loss-making and in distress such that initially it was believed that administration and closure might be the only option. ReSolve reviewed the situation at very short notice and believed that by investing in the business and concentrating efforts on its most successful elements, the long-established company could survive.
An extended period of restructuring took place, at times challenging with every part of the business being examined. Production and transportation were outsourced and unprofitable retail stores closed.