By Kent Percy, Director; Luke Ericson, Vice President & Stephen Potts, Associate, AlixPartners
Bankruptcy filings by retailers in the first half of 2017 were on a record-setting pace, with 15 Chapter 11 filings in just the first six months of the year (Figure 1). This exceeds the number of retailers that have filed for bankruptcy in any full year since 2009, and...
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Stephen Potts is an associate in AlixPartners’ Turnaround and Restructuring practice. He has more than six years of experience in corporate restructurings, reorganizations, and distressed mergers and acquisitions. Potts’ experience spans the retail, infrastructure, oil and gas, and transportation sectors.
Luke Ericson is a vice president in AlixPartners’ Turnaround and Restructuring practice. He has experience advising a variety of stakeholders in distressed situations, having worked with companies, lenders, and other creditor constituencies. Ericson’s core expertise includes business plan development, working capital management, and capital restructuring. He also has hands-on experience driving critical operational changes to deliver restructuring outcomes.
Kent Percy is a director in AlixPartners’ Turnaround and Restructuring practice. He specializes in working with companies to improve their earnings and working capital through restructuring and operational changes. Percy’s experience includes serving in senior financial and strategic positions, providing crisis management, developing strategic business plans, implementing restructuring transactions, advising on liquidity opportunities, and preparing financial budgets.