{"id":10943,"date":"2015-01-20T19:37:03","date_gmt":"2015-01-20T19:37:03","guid":{"rendered":"https:\/\/www.leadershipof.technology\/?post_type=avada_portfolio&p=10943"},"modified":"2015-01-20T19:37:03","modified_gmt":"2015-01-20T19:37:03","slug":"turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier","status":"publish","type":"avada_portfolio","link":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier","title":{"rendered":"Turnaround and refunding (B2B bespoke Retail clothing supplier)"},"content":{"rendered":"
\n

\"\"\u201cWe very quickly understood the challenges facing the business. Within two weeks of the first meeting the icebreaker team produced a detailed sourcing and stockholding strategy which credibly targeted over a \u00a3600,000 saving + 900k 1 off cash improvement + \u00a3400k revenue growth by using a more responsive combination of near and far-east product sourcing, supplier stock holding, asset financing and a radical reduction on SKU proliferation. In addition, Icebreaker proposed a fundamental re-focusing of the distribution strategy matched against the new sourcing methodology. This involved moving to direct web fulfillment whilst nonetheless preserving the value in the local dealer network.\u201d<\/p>\n

Impact on the business \/ bottom line<\/h3>\n

\u201cWithout bank support, it proved impossible to engage with Icebreaker as we would have wished and we therefore looked for external investment. \u201cIcebreaker was of huge assistance in bringing to bear their relationships with venture capitalists and asset finance houses and we built a credible bid which unfortunately was declined by our bankers in favour of a trade sale to Shoefest.\u201d<\/p>\n

Achievement of objectives<\/h3>\n

Icebreaker finally submitted an offer with a VC for the business which was trumped by a rival bid. In hindsight, given their access to VCs and seasoned turnaround skills I wish now that we had gone ahead and engaged Icebreaker to support us much earlier. With their support we could have delivered the turnaround plan to enable an investor exit within 12m.<\/p>\n

Working style<\/strong><\/p>\n

\u201cI first met with Icebreaker on 28 August 2009, when our ability to trade through the next 6 months looked bleak. In January we followed up and began a very constructive dialogue with Icebreaker. I was been very impressed with the quality and focus of the team. They developed a proposal to re-engineer our business model and commercial proposition to deliver an attractive investor proposition and exit. At that time we were facing significant pressure from our bankers and the board therefore deferred engaging with Icebreaker whilst we sought investment capital.<\/p>\n

Leadership \/ people management skills<\/h3>\n

I am convinced that, had we engaged with Icebreaker earlier we would have succeeded in securing the necessary investment on our terms. With their support the incumbent management could have retained control of the business, aligned and managed stakeholder expectations and delivered shareholder value through this difficult time.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cWe very quickly understood the challenges facing the business. Within […]<\/p>\n","protected":false},"author":5,"featured_media":12631,"menu_order":26,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"footnotes":""},"portfolio_category":[72,80],"portfolio_skills":[92,93,94,104],"portfolio_tags":[],"class_list":["post-10943","avada_portfolio","type-avada_portfolio","status-publish","format-standard","has-post-thumbnail","hentry","portfolio_category-fmcg-retail","portfolio_category-logistics","portfolio_skills-profit","portfolio_skills-realignment","portfolio_skills-restructuring","portfolio_skills-turnaround"],"yoast_head":"\nTurnaround and refunding (B2B bespoke Retail clothing supplier) - www.winningthinking.co.uk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turnaround and refunding (B2B bespoke Retail clothing supplier) - www.winningthinking.co.uk\" \/>\n<meta property=\"og:description\" content=\"\u201cWe very quickly understood the challenges facing the business. Within [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier\" \/>\n<meta property=\"og:site_name\" content=\"www.winningthinking.co.uk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier\",\"url\":\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier\",\"name\":\"Turnaround and refunding (B2B bespoke Retail clothing supplier) - www.winningthinking.co.uk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-01-20T19:37:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/winningthinking.co.uk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portfolio\",\"item\":\"https:\\\/\\\/winningthinking.co.uk\\\/?post_type=avada_portfolio\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Turnaround and refunding (B2B bespoke Retail clothing supplier)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/winningthinking.co.uk\\\/#website\",\"url\":\"https:\\\/\\\/winningthinking.co.uk\\\/\",\"name\":\"www.winningthinking.co.uk\",\"description\":\"immediate results today\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/winningthinking.co.uk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Turnaround and refunding (B2B bespoke Retail clothing supplier) - www.winningthinking.co.uk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier","og_locale":"en_GB","og_type":"article","og_title":"Turnaround and refunding (B2B bespoke Retail clothing supplier) - www.winningthinking.co.uk","og_description":"\u201cWe very quickly understood the challenges facing the business. Within [...]","og_url":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier","og_site_name":"www.winningthinking.co.uk","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier","url":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier","name":"Turnaround and refunding (B2B bespoke Retail clothing supplier) - www.winningthinking.co.uk","isPartOf":{"@id":"https:\/\/winningthinking.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#primaryimage"},"image":{"@id":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#primaryimage"},"thumbnailUrl":"","datePublished":"2015-01-20T19:37:03+00:00","breadcrumb":{"@id":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/winningthinking.co.uk\/?avada_portfolio=turnaround-and-refunding-b2b-bespoke-retail-clothing-supplier#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/winningthinking.co.uk\/"},{"@type":"ListItem","position":2,"name":"Portfolio","item":"https:\/\/winningthinking.co.uk\/?post_type=avada_portfolio"},{"@type":"ListItem","position":3,"name":"Turnaround and refunding (B2B bespoke Retail clothing supplier)"}]},{"@type":"WebSite","@id":"https:\/\/winningthinking.co.uk\/#website","url":"https:\/\/winningthinking.co.uk\/","name":"www.winningthinking.co.uk","description":"immediate results today","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/winningthinking.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/avada_portfolio\/10943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/avada_portfolio"}],"about":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/types\/avada_portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10943"}],"version-history":[{"count":0,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/avada_portfolio\/10943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10943"}],"wp:term":[{"taxonomy":"portfolio_category","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fportfolio_category&post=10943"},{"taxonomy":"portfolio_skills","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fportfolio_skills&post=10943"},{"taxonomy":"portfolio_tags","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fportfolio_tags&post=10943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}