AlixPartners is an international business advisory firm that
built its reputation through its work in corporate turnaround and
restructuring. Now, with over 30 years of history behind it, the
firm has diversified its business and provides services in four
areas: Enterprise Improvement, Turnaround and Restructuring,
Financial Advisory and Information Management. Although the firm is
often associated with reversing the fortunes of companies in
high-impact situations, it offers a broad range of consulting
services for companies that are not in financial straits but are
looking to improve operations and performance. Operating globally
out of offices in North America, Europe, the Middle East and Asia,
AlixPartners has been retained by at least half of the Fortune 100
and many of the world's other largest companies, as well as
mid-sized public and private companies, private equity firms, top
law firms and public entities. Best of all for its clients,
AlixPartners works on a pay-for-performance system, aligning its
compensation structure with its clients' success.
There must be a better way
Jay Alix & Associates PC was founded by Jay Alix in 1981,
when he observed that companies in trouble needed help saving
assets and jobs and had little resources for doing so. The
company's early years included aiding notable clients such as
DeLorean Motor Company, of Back to the
Future fame, and Phoenix Steel Corporation. The firm
began to evolve in the 1990s, taking on more staff and serving
major clients, such as Unisys, Phar-Mor and General Motors'
National Car Rental subsidiary, and it expanded from 33 employees
to over 100.
In 2002 the firm changed its name to AlixPartners to reflect the
firm's central premise that it is a partner to it employees,
clients and referral sources. Although originally based in Detroit,
New York and Chicago, the firm expanded rapidly into Europe and
then Asia. AlixPartners now has over 1,000 employees and 17 offices
in eight countries.
IN THE NEWS
UK Boasts Double Digit Defense Export Order Growth in
The AlixPartners consultancy thinks external link market
conditions are in place for strong merger and acquisition activity
in defense and aerospace, as well as potential "disruptive
innovation" - aka "creative destruction" if you're the incumbent on
the receiving end of said innovation - which was not on their radar
five years ago. See more here.
Why Postal Service Banking Is a Bad Idea
According to AlixPartners, cited in an article in U.S.
News & World Report, consumers visited a branch "39
percent fewer times per month after adopting mobile banking
See more here.
UAE auto sector comfortable with steady
According to a report released by the consultancy Alix Partners,
the global automotive industry faces "at best uncertain times
ahead." Even a stellar market such as China's could see growth
taper to 6.3 per cent in the next five years against the 17.6 it
maintained over the last decade. But when it comes to the Middle
East and North Africa markets, there is a "promising future" with
growth over the next five years projected at 7 per cent. According
to AlixPartners, the overall Mena market totalled vehicle sales of
1.9 million units in 2013 with Saudi Arabia, the UAE and Egypt
accounting for 58 per cent (1.1 million units). See more here.
It's Not Just American Apparel: For Fashion Retailers,
Sex Just Isn't Selling These Days
In-your-face sexiness has become passé and to some extent, the
digital era has made young people numb to it, Steve Nevill,
managing director for Alix Partners' retail practice,
told Forbes. "Pressing hard on the sexy angle is not
producing the return it once was," he said. "Just look at the
number of celebrities who Tweet and Instagram selfies daily of racy
images. Not only are teens much more desensitized to it, but it's
also not a huge way to be unique versus years ago," he said. "All
of our data also shows that teens want fashion and to create looks.
A lot of 'sexy' items are just items, not outfits." See more here.
Peugeot to build fifth factory in China
Greater China made up 26 per cent of global car and small van
sales last year, up from 8 per cent a decade previously, according
to AlixPartners, as cited in the Financial
Times. See more here.
Tricky Gear Shift for Europe's Auto
Europe's car market is no longer stuck in reverse, but getting
out of first gear remains a big challenge-one that perhaps the
industry and investors are underestimating. That's the conclusion
from the latest global industry study by consultancy AlixPartners,
cited in the Wall Street Journal. True, demand for
new cars in Europe has bottomed out. Globally, growth in demand
remains robust, led by the U.S., China and other emerging
economies, which stands to benefit European auto makers as they
continue to invest abroad. European car stocks have rallied in
recent months. See more here.
Turnaround, Restructuring, and Distressed Investing
Industry Hall of Fame Induction
Al Koch, an AlixPartners managing director, joins AlixPartners
Founder Jay Alix in the TMA's Hall of Fame. The honor is given to
those whose outstanding individual contributions have made a
lasting positive impact on an industry dedicated to stabilizing
underperforming companies, rebuilding corporate value, and