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Assignment: Third generation retailer continues to grow in number of stores and revenues. However, inexperienced financial management, spiraling costs of operations, unprofitable contracts and growing tax liabilities require seasoned executives.
Solution: CFO recruited from Top 3 retailer, COO selected with both major retailer and regional store experience.
Results: Due to strategic plan and operational changes spearheaded by this dynamic duo company sells off unprofitable stores to a competitor at a remarkable profit, emerges with new international investment partners. Father retires and son leads new team into web site, internet, telesales era of significant growth.
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