Achieving Successful Restructurings in a Time of Crisis
FTI Consulting Featured in Article as Part of Raconteur’s Special Report in The Times
In this article Simon Granger, Head of the Corporate Finance & Restructuring EMEA practice, shares his views on key current financial restructuring issues, the implications for businesses, and what boards can do to help drive a successful restructuring that will leave their business model better able to sustain itself in the long-term.
This is an extract from Raconteur’s special report in The Times, first published on November 26, 2020. The whole publication is available at https://www.raconteur.net/report/business-restructuring-2020/
"As the economic realities of the coronavirus pandemic hit home, many businesses are preparing for radical change. Governments have supported the economy so far, but this has only delayed an economic downturn with far-reaching impacts on jobs and wealth.
Companies are grappling with huge uncertainties. It is not just a question of when a coronavirus vaccine becomes widely available, but the state of the economy when that happens and how long-term business and consumer behaviours have changed or been accelerated during the pandemic. Many sectors therefore face a tough 2021, with a slow recovery towards 2024. Businesses must plan for their capital structures to cope with a wide range of scenarios.”
Republished with the permission of Raconteur. © Copyright 2020. All rights reserved.