Financial Advisor to Company
- Business Plan Analysis
- Debtor Advisory
- Financial Restructuring
Al Baskin Company d/b/a Mark Shale
- Negotiated bank financing
- Advised company through reorganization process including closing of unprofitable stores and reducing operating expenses
Mark Shale, d/b/a for Al Baskin Company operated 13 high-end apparel retail locations in the Midwest. DSI assisted the company in preparing a downsizing plan and, prior to the company commencing its Chapter 11 bankruptcy case, negotiated a DIP financing facility. Once the bankruptcy was filed, DSI continued to serve as the company’s financial advisor through to its successful reorganization that included closing unprofitable stores and reducing operating expenses.