Wilhelm Josten

Founder and Managing Director, Butlers GmbH & Co. KG

Restructuring a trendsetting company

Andersch conducted a detailed analysis of the options available and, based on this, helped Butlers to restructure successfully.

The Company

The Butlers corporate group was founded in 1999 and is today a leading retailer for home accessories, decor, furniture and gift products. It varies its product range based on seasonal trend themes. Butlers employs around 1000 employees, has its own network of branches, operates an online shop, and works with franchise partners.

Situation at the outset

Butlers was facing declining customer traffic in its branches and increasingly diversified competition, a situation that had recently been exacerbated by negative currency effects.

 

The solution

Working together with Butlers, Andersch developed a viable concept for the company’s restructuring. Key in this respect was a detailed examination of the optimization potential within the company’s operating and financing processes.

 

Achievements

The areas of potential identified were capitalized on, significantly and sustainably increasing the company’s earnings and financial strength.

Wilhelm Josten

We hold ourselves to the highest standards, and invariably seek to deliver top quality. And in keeping with the demands of today’s business markets, we are also highly flexible, knowing that companies with rigid structures insufficiently able to cater to change will not survive. We have advanced from traditional family-run company to become one of Germany’s most successful companies within the Home & Living sector. Andersch, a company that shares our high standards, helped us achieve our goals.

Wilhelm Josten Founder and Managing Director, Butlers GmbH & Co. KG