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

Browse history interactively

← Previous edit Next edit →

Content deleted Content added

VisualWikitext

Inline

Revision as of 09:51, 3 November 2022

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 Wharton School graduate Gilbert Harrison. His broad experience in deals involving American Eagle, BCBG Max Azria, and Bear Stearns Merchant Banking has made him a sought-after source of expertise. He was contributed at events such as the Financial Times Business of Luxury Summit. ^[1] Financo is also known for hosting a summit every year during the National Retail Federation Convention, covering a major topic relevant to the retail and fashion industries. Financo gathers a CEO Panel and senior executives in the consumer sector discuss the matter. ^[2] 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).^[3]

A profile on Gilbert Harrison was featured in the March 2011 issue of The Deal titled, "Relationship Advisory."^[4]

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. However, Harrison decided to reacquire the Financo name in 1989 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.

Business Divisions

Investment Banking

This department is divided into three primary arms: Mergers & Acquisitions, 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.

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.^[5] Currently, sixteen former industry executives serve as FGC consultants.

External links

Notes

^ "FT Global Conferences & Events:FT Business of Luxury Summit 2009 2009: | Overview". www.ftbusinessofluxury.co.uk. Archived from the original on 4 August 2012. Retrieved 27 January 2022.
^ "Financo Press". Archived from the original on 2010-01-10. Retrieved 2007-09-30.
^ https://www.cnbc.com/id/34934042/Business_Looking_Up_For_Luxury_Retailers
^ "Relationship adviser (The Deal Magazine)". Archived from the original on 2011-05-15. Retrieved 2011-04-26.
^ "Financo, Inc. – Global Consulting". Archived from the original on 2007-10-12. Retrieved 2007-09-30.

[1] "FT Global Conferences & Events:FT Business of Luxury Summit 2009 2009: | Overview". www.ftbusinessofluxury.co.uk. Archived from the original on 4 August 2012. Retrieved 27 January 2022.

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

[3] ttps://www.cnbc.com/id/34934042/Business_Looking_Up_For_Luxury_Retailers

[4] "Relationship adviser (The Deal Magazine)". Archived from the original on 2011-05-15. Retrieved 2011-04-26.

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

[1]

[2]

[3]

[4]

[5]

@@ Line 25: / Line 25: @@
 ===Investment Banking===
-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.
+This department is divided into three primary arms: Mergers & Acquisitions, 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.
 ===Consulting===