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Tandy Restructuring Case Study

Corporate Restructuring Group – October 2013 newsletter

The Deloitte CRG Newsletter addresses the current state and outlook for the CRG practice, including recent engagements, announcements, case studies, and upcoming events.

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Feature

Deloitte advises Tandy Brand Accessories Inc. on restructuring

Together with our colleagues in Deloitte Corporate Finance (DCF), Deloitte CRG recently restructured the business operations and refinanced the existing debt of Tandy Brands Accessories Inc. (TBAC).


Deloitte CRG was initially engaged to assist TBAC in performing an analysis of the operational and financial performance of the company. Subsequently, TBAC also engaged DCF to assist management in identifying and raising additional capital. TBAC also engaged John Little of Deloitte CRG as the Company's appointed chief restructuring officer ("CRO") to help TBAC management execute a restructuring plan designed to increase profitability, improve working capital efficiency and customer service, and reduce overhead.

Read how these teams came together to help TBAC complete their restructuring plan and execute new credit facilities.

Special feature

Shareholder engagement: A new era in corporate governance
In the new era of shareholder engagement, there is an emerging trend where shareholders are demanding personal interaction with directors and not just the investor relations officer or members of the management team. Shareholder engagement is an effective means of directly communicating with and soliciting feedback from shareholders. Many organizations have a lot of questions about how to begin shareholder engagement, how frequently this contact should be made, who should be making contact, and what the discussion should entail. This edition of Deloitte's Special feature discusses the answers to these lingering questions and much more.

Read more

Featured engagements

Deloitte CRG’s featured engagements this month include work with the following selection of clients: community services company, cottonseed oil processing company, Mexico professional services firm, marketing services company and a portfolio company. For an in-depth look at Deloitte CRG’s recent engagements, check out featured engagements.

As used in this document, 'Deloitte' means Deloitte LLP [and its subsidiaries]. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

 

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