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Restructure retail companies with Michael Appel | WLTB Podcast #169
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Michael Appel is the General Partner of Gentzler Henrich & Associates, a retail-focused restructuring firm.
We discussed the importance of assembling the right team and making necessary changes in business. We also touch upon the challenges and decision-making involved in company restructuring, especially regarding liquidity.
00:00 - Building the Right Team
03:42 - Liquidity and Cash Flow Management
07:28 - Negotiating with Suppliers for Business Survival
11:08 - Maintaining Good Relationships
14:39 - Problems with the 20% off coupon
18:16 - Treating Employees Well
22:02 - The Failure of a Well-Known Retailer
25:44 - Knowing when to get out in business
29:34 - Vulnerability of Department Store Companies
33:15 - The Vulnerability of Aid
37:02 - Finding the Right Location for Your Business
40:57 - Technology Platforms for Retailers
44:34 - The Unspecified Event
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