New Zealand womens fashion brand Max is currently working with a partner from Australian consultancy McGrath Nicol to restructure its operations. At present, 17 of the companys stores are lined up for closure, after having virtually no revenue during the Covid-19 lockdown.
McGrath Nicol is a specialist advisory and restructuring firm that has built a reputation for managing complexity and consistently delivering the results our clients need. According to a report earlier in the year from the firm, the retail scene in New Zealand and Australia is expected to see a heightened need for restructuring in 2020, warning that electronic card data suggesting retail spending was down just 2% from a year earlier was just a short term result one l…
Read the full article at: https://www.consultancy.com.au/news/2242/womens-fashion-brand-max-planning-to-close-17-stores