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Financo

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This is an old revision of this page, as edited by 38.88.160.90 (talk) at 22:33, 17 May 2023 (Added information related to Financo's acquisition by Raymond James.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Financo, Inc.
Company typePrivate
IndustryInvestment Banking
Founded1971
HeadquartersNew York, NY, United States
Key people
John Berg
(CEO)
Number of employees
40 (2020)
Websitewww.financo.com

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 still operated 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. Investment banking has three departments consisting of: 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]

Notes

  1. ^ "Financo Press". Archived from the original on 2010-01-10. Retrieved 2007-09-30.
  2. ^ https://www.cnbc.com/id/34934042/Business_Looking_Up_For_Luxury_Retailers
  3. ^ "Financo, Inc. – Global Consulting". Archived from the original on 2007-10-12. Retrieved 2007-09-30.
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