Luxury fashion retail chain
Situation faced:
TAIGA was introduced to a loss-making UK wide retailer with a challenging cash position and poor quality financial and operational reporting.
Outcome achieved:
Introduced cash management and strengthened the team with interim FD appointment. TAIGA supported the Directors in development of turnaround plan based on cost reduction strategies and secured ongoing funding support from the bank to implement the turnaround.
Advisory support and cash management continues.
Duration: 12 months +
End: Ongoing