Quick Service Franchise Operation
The company was a $120MM quick service franchise operation that breached its covenant due to declining sales and hired CR3 Partners to assess its business plan.
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Peter Feigenbaum
Talent Leader & Director
Peter Feigenbaum has more than 30 years of experience in retail performance improvement, turnaround, and restructuring services across a wide variety of companies and industries.
Peter has held C-level and Senior Vice President positions, leading and guiding teams through business paradigm repositioning, merchandising, marketing, seasonal planning, customer service, inventory productivity, allocation and replenishment initiatives resulting in improved cash management, revenue growth and increased EBITDA.
Representative Experience
- Assessed business models, location analyses, cash flow and inventory productivity for a $100 MM vitamin supplement manufacturer/distributor; a $400MM traditional brick and mortar retailer; a $50MM garden supply manufacturer/distributor; a $40MM fitness equipment retailer and a $30MM brick and mortar bakery.
- Managed lender side assessment engagement of $200MM regional discount furniture store. Analyzed the efficacy of the three statement models, cash flow projections, and business models.
- Managed the disposition of FF&E, capital credits, unrecovered assets, and POC’s of a $300MM oil and gas company bankruptcy.
- Company side executive committee member charged with maximizing inventory recovery rates and managing DIP covenants in a total liquidation environment.
- Senior Vice President and General Merchandise Manager for $3.2B, 100+ location department store. Led company to revenue increases, through inventory turnover and gross margin improvements.
Peter Feigenbaum's Insights & Articles
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News
CR3 Partners Names New Talent Leader and Adds Two Directors
CR3 Partners is pleased to announce the creation of the Talent Leader role and the addition of a director in our Los Angeles and Atlanta offices each.
Article
Managing the Insource/Outsource Mix within a Restaurant Environment
Ensuring every detail throughout the customer experience, as well as the back office, is executed according to a specific vision can lead to success, but it often means taking on functions internally that the business is not well-positioned to execute, or outsourcing functions that are best performed in-house.
Article
Lenders as Accidental Restaurant Owners: Four Success Factors of Temporary Restaurant Ownership
During COVID-19, a significant amount of restaurant bankruptcies saw the lenders taking over the assets when no qualified buyers came to the table. Now that these lenders have become temporary restaurateurs.
Project Work
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JCPenney
JCPenney is a publicly traded company with 846 corporate locations and 12B in annual revenue that elected to file Chapter 11 bankruptcy due to COVID-19 shutdowns, C-suite turnover, and changes to the business and merchandising plans.
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Oil & Gas
The company had 80 operating wells in the Permian Basin with over $280MM of mechanic's liens filed against it. The company was in bankruptcy and out of compliance with certain bankruptcy filing requirements and faced a trustee motion and other adversarial litigation.
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