12:00 noon-1:00 pm EDT on Zoom
September 20, 2023
Lessons on Getting Them Out of the ICU
Unfortunately, even the most successful brands can lose their mojo. Once that happens, some get rescued and live to fight another day, while others simply close up shop and head for liquidation. With so many lessons to be learned, our September webinar will explore what it takes to resuscitate a brand before it disappears.
Join our Retail/Brand Turnaround Experts whose stock in trade is to minister sick brands back to health – Michael Appel, Managing Director of the Retail Practice at the consulting firm Getzler Henrich, and Carolyn D’Angelo, Senior Managing Director in the Brands Group at Gordon Brothers –as they explore some of the key issues.
What are the most common reasons that retailers and consumer brands wind up in the ICU?
How to decide whether a company is worth resuscitating or simply liquidating?
What are the critical steps that need to be taken immediately, if a brand is to survive?
What is necessary to put these brands back on solid long-term footing?
What brands have been successfully resuscitated? What brands have had so-so results? And what brands are headed for the ICU?
SUBJECT MATTER EXPERTS
Michael Appel is a Managing Director at Getzler Henrich & Associates, where he leads the retail practice for the firm. He has expertise in women’s apparel, accessories, menswear, childrenswear, and all categories of home furnishings across department stores, specialty stores, luxury, off-price, and direct response channels of distribution.
RMS Members: $10
Date: Wednesday, Sept. 20, 2023
Time: 12:00 noon-1:00 pm EST
Dail-in instructions will be emailed prior to the event.
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Benefits of membership include: reduced rates on webinars, meetings and conferences; complimentary attendance at our Roundtable online discussions; "Top Takeaways"-capsule summaries of most meetings and webinars; Membership Directory for networking purposes; and Face to Face Fridays, a bi-monthly online networking session for members only.
Over the years, he has served on multiple corporate and non-profit boards, including serving as the Chairman of the Compensation Committee for Charming Shoppes, and as Chairman at Loehmann’s.
Select experiences include: CEO and Chairman of rue21, the 700-unit omnichannel fast-fashion retailer, where he led the company’s successful turnaround from its emergence from Chapter 11 between 2017 and 2020; Interim CEO for Laura Ashley, Wilkes Bashford, and Baccarat; provided turnaround services for Kenneth Cole, Avery Boardman, Versa Partners, and DW Partners; served as Financial Advisor to the Creditor’s Committee of Kasper ASL, a leading manufacturer of women’s apparel under the Kasper and Anne Klein brands. For his work on Kasper, the Turnaround Management Association awarded Michael its Large Company Turnaround of the Year Award.
Senior Managing Director, Brand Operations
& President, Laura Ashley
Carolyn D’Angelo is Senior Managing Director, Brand Operations at Gordon Brothers and President of Laura Ashley. Carolyn drives global operations under an asset-light model for the firm’s portfolio of brands. She focuses on new development, securing and managing licensees and retail partners, marketing and product design.
As President of Laura Ashley, she develops and expands categories and geographies within the iconic British brand’s consumer home and fashion sectors. Additionally, Carolyn oversees the global, eponymous fashion and lifestyle brand Nicole Miller.
She has 30 years’ experience in strategic marketing, licensing, branding and merchandising in the home and fashion industries, implementing innovative strategies for national consumer brands.
Prior to joining Gordon Brothers, Carolyn was president of the home division at Marquee Brands responsible for the Martha Stewart and Emeril Lagasse brands. She previously served as executive vice president of brand management at Iconix Brand Group, where she created and led a new home division, reviving and repositioning classic home brands to drive revenue. She has also worked with home brands at Ralph Lauren and Disney in senior leadership brand management and marketing roles.
Richard Baum is the Managing Partner of Consumer Growth Partners (CGP), a private equity investment/independent sponsor and advisory firm with an exclusive focus on middle-market specialty retail and non-perishable branded consumer products companies.
Prior to co-founding CGP in 2005, Richard spent 16 years as a top ranked sell-side equity research analyst at Sanford Bernstein, Goldman Sachs and Credit Suisse. Previously, he spent 6 years in the merchandising organization at Bloomingdale’s and began his career as a strategy consultant with The Boston Consulting Group.
He serves as a Board Director for Chair King/Fortunoff Backyard Stores, Factory Connection, Inc., and Rolla Coster, Inc. In 2023 he was selected by iGlobal Forum as their inaugural recipient of the Independent Sponsor Lifetime Achievement Award. Richard is president of the Retail Marketing Society.
Patrick McKeever, Jr.
President & Founder
Patrick has followed retail for more than 20 years. Prior to founding Wall Street 313 LLC and The Daily on Retail in late 2018, he spent 11 years as a managing director, senior analyst and consumer sector head at MKM Partners. He has received a number of professional awards, including 2nd place in Multiline Retail for both
stock picking and earnings estimation in the 2016 Thomson Reuters poll. He was awarded Top Stock Picker in Multiline Retail in the same poll, has been recognized in the Greenwich survey and has performed well in the institutional money manager voting process. He appears on CNBC and other networks to discuss retail and has been quoted extensively by industry publications and the financial press. Patrick started his career in equity research at Credit Suisse in New York.