creating a plan for renewal

Triad is the only turnaround firm in America that specifically and exclusively services the Home Furnishings industry. We donʼt apply the same principles used in workouts for other types of retail operations because, simply put, the furniture business is different. We know this because we have been extensively involved in the sale of excess or underperforming assets – both in distressed situations and within the context of on-going operations.

Our action plan is detailed and aggressive. On behalf of our Clients, we: Establish an Advisory Board with a vested interest in our clientʼs company; Conduct comprehensive assessments of operations and debt obligations and tailor highly customized programs aimed at righting the balance sheet; Determine which underperforming and/or excess assets pose the greatest risk to an operationʼs long-term viability and lead the process of selling-off those assets, including leasehold and fee-owned property, at the highest possible return. Restructure finances and debt (both in and out of bankruptcy) and negotiate long-term settlements with the Trades to set aside selected debt and give the workout plan the critical time needed to work; and Create recommendations for long term sustainability Throughout the process, we facilitate the extension of credit to allow the retailer to move forward with day-to-day operations, helping them every step of the way.