Company Profile: High-End Jewelery Manufacturer
This diamond ring manufacturing company sold 50% of its stock to an investor who was also supposed to remain as silent partner.The way, it turned out, the investor discovered that the partner had made certain misrepresentations and the company was experiencing operating losses almost immediately after the deal was closed.
We were brought in by the investor to remedy the situation. We changed the business model by disbanding local manufacturing and transferred manufacturing to Thailand, thus reducing both the cost of goods and operating expenses drastically.
The company became profitable again and was sold with a profit to a new owner.