Turning the Company Around.
How to get it right.
Big Food Group
are three important aspects of a company turnaround, which can be illustrated in
three successful examples: Park 'n' Shop; Wickes; and the Big Food Group
'n' Shop is a Hong Kong retailer with 120 supermarkets, and was badly positioned
in the market. In 1988 its turnover was 200 million, with a profit of 1
million. Five years later, it was a 400 million business, making 20 million
profit. During those five years, we closed 27 stores, opened 67 new ones and
refurbished 70 of the 97 remaining stores. We also built a 20 million
composite distribution centre, which enabled us to reposition the business on a
fresh food platform.