Covid-19 is testing European economies and industries to the limits of their resilience. While hitting some harder than others, the ongoing pandemic revealed multiple weaknesses. However unlikely such a crisis seemed – and it is always difficult to prepare for the unknown – businesses have no choice but to tackle today’s challenges head-on and strive to emerge stronger. This puts restructuring at the top of the agenda, and not only for the companies most affected by Covid-19.
Restructuring has been viewed in the past as a sign of failure. The economic and social turmoil in 2020 however made company leaders across industries see restructuring as a tremendous opportunity to reshape their business for a new era. This makes restructuring an imperative for many, as it can tackle gaps that are difficult to address and that have been accumulating well before the crisis. It can be a powerful tool to set the foundation for more sustainable growth in the future; including enabling companies to repay loans needed to make it through the pandemic. Register to receive our recommendations for successfully developing and executing a value-based restructuring plan.
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