Amazon, New Entrants Ramp Up Pressure on Traditional Supermarket Turnarounds, Restructurings
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Amazon, New Entrants Ramp Up Pressure on Traditional Supermarket Turnarounds, Restructurings
By James Horgan, CTP, & Brian Koluch, Directors, PwC
Amazon’s announced acquisition of Whole Foods for $13.7 billion1 is yet another sign of continuing competitive challenges faced by traditional supermarket chains. The Whole Foods acquisition brings Amazon a 468-store footprint, a fresh foods supply chain, new sourcing capabilities,...
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Brian Koluch is a director in PwC’s Business Recovery Services practice and in based in the firm’s New York office. He has extensive experience in assisting distressed companies in the analysis of strategic alternatives, cash flow and working capital management, and liquidity enhancing activities. Koluch can be reached at brian.koluch@pwc.com or 646-471-2672.
James Horgan, CTP, is a director with PwC and has more than 25 years of experience providing accounting and financial management services to companies undergoing significant transition in turnaround, restructuring, and sale transactions. A CPA, he advises on accounting and reporting for restructurings, fresh-start and purchase accounting, business plan reviews, cash flow projections and liquidity analysis, collateral assessments, corporate finance transactions, distressed valuations, forensic accounting, and financial institution resolution plans. Horgan participates on the New York City Chapter’s Academic Relations Committee. He can be reached at James.Horgan@PwC.com.