Financo, Inc.
From Wikipedia, the free encyclopedia
| Financo, Inc. | |
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| Type | Private |
| Founded | 1971 |
| Headquarters |  New York, NY |
| Key people | Gilbert Harrison, Chairman & CEO Marvin Traub, Chairman & CEO of Financo Global Consulting William Susman, President and COO |
| Industry | Finance and Insurance |
| Products | Investment Banking, Consulting |
| Employees | 50 (2007) |
| Website | www.financo.com |
Financo, Inc. is a New York-based boutique investment bank focused on the merchandising and retail sector, with offices also in Los Angeles and London. It was founded in 1971 by Wharton School graduate Gilbert Harrison, whose experience in deals involving American Eagle, BCBG Max Azria, and Bear Stearns Merchant Banking, among others, has made him a sought-after source of expertise,[1] which he was contributed at events such as the Financial Times Business of Luxury Summit.[2] Financo is also known for hosting a dinner with Harrison every year at the National Retail Federation Convention, through which senior executives in the retail industry are able to network extensively.[3]
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[edit] History
Financo was founded in 1971 with the same focus on retail that it has today, and completed over 140 deals in its first fourteen years of existence. In 1985, the firm was acquired by Lehman Brothers and became the Lehman Brothers Middle Market Group, still headed by Gilbert Harrison. Harrison decided to reacquire the Financo name in 1989, however, and re-established the firm independent of Lehman Brothers. Today, Financo has become the largest independent retail and consumer advisory firm serving in both the US market and internationally.
[edit] Business Divisions
[edit] Investment Banking
This division is divided into three primary arms, Mergers & Acquisitions, and Financo Securities, and Special Situations. The first arm provides advice on mergers, acquisitions, divestitures, while Financo Securities provides capital-raising services on behalf of retail and merchandising clients. Special Situations focuses on providing restructuring services for financially troubled companies.
[edit] Consulting
Financo Global Consulting (FGC), provides advice on product strategy and strategic analysis. The consultants are all experienced industry executives who have served in various high-level positions in the retailing world, such as as Chairman of Neiman Marcus, Chairman and CEO of Macy's East, Chairman and CEO of Sears, and CEO of Anne Klein.[4] Currently, sixteen former industry executives serve as FGC consultants.
