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