iCrowdNewswire Nov 27, 2020 6:00 AM ET
Restructur Advisors adds John Radostits to its Senior Advisor team offering greater turnaround and restructuring industry coverage
VANCOUVER, BC, CANADA – November 30, 2020 – Restructur Advisors, a Western Canada focused turnaround and restructuring advisory firm with operational and restructuring experience in a variety of business sectors, is pleased to announce that John Radostits will be joining the firm in the capacity of Senior Advisor to assist Restructur with supporting clients needing restructuring and turnaround strategy and execution.
With the addition of Mr. Radostits, Restructur Advisors adds expertise and capacity in the retail, distribution, and cannabis sectors which are currently experiencing considerable distress in Western Canada.
“I am looking forward to bringing my experience and knowledge to the Restructur Advisors team,” commented Mr. Radostits. “In these unprecedented times, I look forward to being able to help stakeholders who are facing distress. I know the retail industry extremely well – it’s challenging at the best of times and with COVID, there is a real need for the cross-functional expertise that Restructur Advisors can bring to stakeholders.”
With the retail and distribution sectors being hit particularly hard by the impacts of the COVID-19 pandemic, Radostits’ deep leadership and operational experience in the sector across a variety sub-sectors will directly benefit Restructur’s capacity to address stakeholders facing financial distress.
Karim Lalani, Partner at Restructur Advisors, states “We are excited to be broadening our mandate with the arrival of John, and even more importantly, to be expanding our services in support of some of the hardest-hit sectors in Western Canada. Clients are going to benefit greatly from John’s expertise and focus, not only in the retail and distribution sectors, but across the range of industries John has touched in his career”.
With the arrival of Radostits, Restructur Advisors now provides comprehensive turnaround and restructuring services based on operational experience in the following industries:
- Technology & Media
- Financial Services
- Industrial Manufacturing
- Oil & Gas Services
- Life Sciences
- Retail & Distribution
“John’s arrival as Senior Advisor coincides perfectly with the increased financial distress we’re seeing across the retail and distribution sectors in Western Canada, and we’re delighted to be able to provide our clients with access to the years of experience and knowledge that John brings to our team”, commented Restructur Advisor partner Blair Jordan.
About John Radostits
John brings more than thirty years of senior leadership experience in public and private companies to Restructur Advisors. His expertise includes strategic leadership, financing, entity and location-level operational turnarounds, and M&A. He has extensive senior management and board-level experience in public and private companies and will focus on leveraging his deep operational and financial knowledgefor clients of Restructur Advisors. He has broad industry experience particularly in the retail, distribution, and hospitality sectors.
John built the largest franchisee group in Canada under the Sobeys brand and was eventually bought out by the parent company. John also led Canndara Canada a multi-province retail cannabis chain which at the time of its sale was one of the largest retail transactions in Canadian cannabis history.
John has been a founding partner in numerous customer-facing companies in the hospitality, food, fitness, cannabis and distribution industries and brings best practices to new industries.
John has a B. Comm. from the University of Calgary and a graduate of the Institute of Corporate Directors and the MIT Birthing of Giants program.
About Restructur Advisors
Restructur Advisors is a turnaround and restructuring advisory firm dedicated to providing clients with impartial, experienced financial and operational restructuring expertise. We combine focused, operational industry knowledge with restructuring and financial experience. Restructur Advisors has operational and restructuring experience in a variety of industries and was the first restructuring and turnaround firm with experience in the global cannabis industry.
Clients are both company insiders such as management, directors, committee members as well as external stakeholders such as independent committee members, creditors, debt holders, shareholders, and regulators
Restructur Advisors provides corporate and stakeholder strategic advice, interim and turnaround leadership, and transactional services alongside, and in tandem with, other service providers working with distressed clients such as accounting firms, law firms, and investment banks.
For more information, please contact:
Blair. [email protected] restructuradvisors. com
Keywords: restructuring, turnaround, distress, insolvency, bankruptcy, consulting, creditors