Financo: Difference between revisions

Financo, Inc.
Company type	Private
Industry	Investment Banking
Founded	1971
Headquarters	New York, NY, United States
Key people	John Berg; (CEO)
Number of employees	40 (2020)
Website	www.financo.com

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Latest revision as of 01:38, 11 November 2024

Financo, Inc. is a New York-based boutique investment bank focused on the merchandising and retail sector, with offices also in Los Angeles and London. It was founded in 1971 by Gilbert Harrison.

About

History

Financo was founded in 1971 by Wharton School graduate Gilbert Harrison, who has previously worked with American Eagle, BCBG Max Azria, and Bear Stearns Merchant Banking. It completed over 140 deals in its first fourteen years. In 1985, the firm was acquired by Shearson Lehman Brothers (at the time owned by American Express) and became the Lehman Brothers Middle Market Group, still headed by Gilbert Harrison. In 1989, Harrison reacquired the Financo name and re-established the firm independent of Shearson Lehman. In 2020, the firm was acquired by Raymond James Financial for an undisclosed sum. The firm continued to operate under the Financo name within Raymond James.

Financo has regularly hosted a discussion panel during the National Retail Federation Convention about topics related to the retail and fashion industries.^[1] Their 2011 Annual CEO Panel was hosted by CNBC's Nicole Lapin. Panelists included Dan Schock (Google), Ben Fischman (Rue La La), Chip Wilson (lululemon), and Stephen Zangre (Facebook).^[2]

Structure

The company has two divisions. The first division is investment banking, which has three departments specializing in Mergers & Acquisitions, Financo Securities, and Special Situations. The second division, Financo Global Consulting (FGC), provides business consulting services. Some consultants have previously been employed as Chairman of Neiman Marcus, Chairman and CEO of Macy's East, Chairman and CEO of Sears, and CEO of Anne Klein.^[3]

External links

Notes

^ "Financo Press". Archived from the original on 2010-01-10. Retrieved 2007-09-30.
^ "Business Looking Up For Luxury Retailers". Archived from the original on 2012-10-15. Retrieved 2017-09-09.
^ "Financo, Inc. – Global Consulting". Archived from the original on 2007-10-12. Retrieved 2007-09-30.

[1] "Financo Press". Archived from the original on 2010-01-10. Retrieved 2007-09-30.

[2] "Business Looking Up For Luxury Retailers". Archived from the original on 2012-10-15. Retrieved 2017-09-09.

[3] "Financo, Inc. – Global Consulting". Archived from the original on 2007-10-12. Retrieved 2007-09-30.

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[2]

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 {{Advert|date=November 2010}}
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+'''Financo, Inc.''' is a [[New York City|New York]]-based boutique [[investment bank]] focused on the merchandising and retail sector, with offices also in [[Los Angeles]] and [[London]].  It was founded in 1971 by Gilbert Harrison.
-'''Financo, Inc.''' is a [[New York City|New York]]-based boutique [[investment bank]] focused on the merchandising and retail sector, with offices also in [[Los Angeles]] and [[London]].  It was founded in 1971 by [[Wharton School]] graduate Gilbert Harrison, whose experience in deals involving [[American Eagle Outfitters|American Eagle]], [[Max Azria|BCBG Max Azria]], and [[Bear Stearns Merchant Banking]], among others, has made him a sought-after source of expertise,<ref>[https://www.cnbc.com/id/15840232?video=233161904 MSNBC - Video Front Page<!-- Bot generated title -->]</ref> which he was contributed at events such as the ''[[Financial Times]]'' Business of Luxury Summit.<ref>{{cite web |url=http://www.ftbusinessofluxury.co.uk/speakers2.aspx?spid=10332 |title=Archived copy |website=www.ftbusinessofluxury.co.uk |access-date=27 January 2022 |archive-url=https://archive.today/20120804002053/http://www.ftbusinessofluxury.co.uk/speakers2.aspx?spid=10332 |archive-date=4 August 2012 |url-status=dead}}</ref> Financo is also known for hosting a summit every year during the [[National Retail Federation]] Convention, at which Financo gathers a CEO Panel covering a major topic relevant to the retail and fashion industries and at which senior executives in the consumer sector network extensively.<ref>{{Cite web |url=http://www.financo.com/img/Financo-Frolic-NRF-1.html |title=Financo Press<!-- Bot generated title --> |access-date=2007-09-30 |archive-url=https://web.archive.org/web/20100110093838/http://www.financo.com/img/Financo-Frolic-NRF-1.html |archive-date=2010-01-10 |url-status=dead }}</ref> Their 2011 Annual CEO Panel was hosted by CNBC's Nicole Lapin. Panelists included Dan Schock ([[Google]]), Ben Fischman (Rue La La), Chip Wilson ([[lululemon]]), and Stephen Zangre ([[Facebook]]).<ref>https://www.cnbc.com/id/34934042/Business_Looking_Up_For_Luxury_Retailers</ref>
-A profile on Gilbert Harrison was featured in the March 2011 issue of The Deal titled, "Relationship Advisory."<ref>{{Cite web |url=http://www.thedeal.com/magazine/ID/038644/2011/relationship-adviser.php |title=Archived copy |access-date=2011-04-26 |archive-url=https://web.archive.org/web/20110515154347/http://www.thedeal.com/magazine/ID/038644/2011/relationship-adviser.php |archive-date=2011-05-15 |url-status=dead }}</ref>
-==History==
+==About==
+===History===
-Financo was founded in 1971 with the same focus on retail that it has today, and completed over 140 deals in its first fourteen years of existence. In 1985, the firm was acquired by [[Shearson Lehman Brothers]] (at the time owned by [[American Express]]) and became the Lehman Brothers Middle Market Group, still headed by Gilbert Harrison. Harrison decided to reacquire the Financo name in 1989, however, and re-established the firm independent of Shearson Lehman. Today, Financo has become the largest independent retail and consumer advisory firm serving in both the US market and internationally.
+Financo was founded in 1971 by [[Wharton School]] graduate Gilbert Harrison, who has previously worked with [[American Eagle Outfitters|American Eagle]], [[Max Azria|BCBG Max Azria]], and [[Bear Stearns Merchant Banking]]. It completed over 140 deals in its first fourteen years. In 1985, the firm was acquired by [[Shearson Lehman Brothers]] (at the time owned by [[American Express]]) and became the Lehman Brothers Middle Market Group, still headed by Gilbert Harrison. In 1989, Harrison reacquired the Financo name and re-established the firm independent of Shearson Lehman. In 2020, the firm was acquired by [[Raymond James Financial]] for an undisclosed sum. The firm continued to operate under the Financo name within Raymond James.
+Financo has regularly hosted a discussion panel during the [[National Retail Federation]] Convention about topics related to the retail and fashion industries.<ref>{{Cite web |url=http://www.financo.com/img/Financo-Frolic-NRF-1.html |title=Financo Press<!-- Bot generated title --> |access-date=2007-09-30 |archive-url=https://web.archive.org/web/20100110093838/http://www.financo.com/img/Financo-Frolic-NRF-1.html |archive-date=2010-01-10 |url-status=dead }}</ref> Their 2011 Annual CEO Panel was hosted by CNBC's Nicole Lapin. Panelists included Dan Schock ([[Google]]), Ben Fischman (Rue La La), Chip Wilson ([[lululemon]]), and Stephen Zangre ([[Facebook]]).<ref>{{Cite web |url=https://www.cnbc.com/2010/01/19/business-looking-up-for-luxury-retailers.html |title=Business Looking Up For Luxury Retailers |access-date=2017-09-09 |archive-date=2012-10-15 |archive-url=https://web.archive.org/web/20121015101330/http://www.cnbc.com/id/34934042/Business_Looking_Up_For_Luxury_Retailers |url-status=live }}</ref>
-==Business Divisions==
-===Investment Banking===
+===Structure===
-This division is divided into three primary arms, Mergers & Acquisitions, and Financo Securities, and Special Situations. The first arm provides advice on mergers, acquisitions, divestitures, while Financo Securities provides capital-raising services on behalf of retail and merchandising clients. Special Situations focuses on providing restructuring services for financially troubled companies.
+The company has two divisions. The first division is investment banking, which has three departments specializing in Mergers & Acquisitions, Financo Securities, and Special Situations. The second division, Financo Global Consulting (FGC), provides business consulting services. Some consultants have previously been employed as Chairman of [[Neiman Marcus]], Chairman and CEO of [[Macy's]] East, Chairman and CEO of [[Sears]], and CEO of [[Anne Klein (fashion designer)|Anne Klein]].<ref>{{Cite web |url=http://www.financo.com/services/consulting/index.php |title=Financo, Inc. – Global Consulting<!-- Bot generated title --> |access-date=2007-09-30 |archive-url=https://web.archive.org/web/20071012143810/http://financo.com/services/consulting/index.php |archive-date=2007-10-12 |url-status=dead }}</ref>
-===Consulting===
-Financo Global Consulting (FGC), provides advice on product strategy and strategic analysis. The consultants are all experienced industry executives who have served in various high-level positions in the retailing world, such as Chairman of [[Neiman Marcus]], Chairman and CEO of [[Macy's]] East, Chairman and CEO of [[Sears]], and CEO of [[Anne Klein]].<ref>{{Cite web |url=http://www.financo.com/services/consulting/index.php |title=Financo, Inc. - Global Consulting<!-- Bot generated title --> |access-date=2007-09-30 |archive-url=https://web.archive.org/web/20071012143810/http://financo.com/services/consulting/index.php |archive-date=2007-10-12 |url-status=dead }}</ref> Currently, sixteen former industry executives serve as FGC consultants.
 ==External links==