Tandy Brands Accessories, Inc. Appoints John Little as Chief Restructuring Officer
March 08, 2013 at 01:03 pm
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Tandy Brands Accessories, Inc. appointed John Little as Chief Restructuring Officer. Mr. Little has over 25 years of management and leadership experience and specializes in corporate restructuring services including working capital management, debt capacity analysis, business plan analysis and development, performance improvement, vendor and business partner diligence, as well as many other business performance issues. He holds both the Chartered Financial Analyst and the Certified Turnaround Professional designations. Prior to joining Deloitte & Touche LLP, Mr. Little served as an active duty officer in U.S. Army Engineer and Special Forces units. Mr. Little will remain a principal of Deloitte Financial Advisory Services LLP while he is engaged by the company as a consultant. The primary responsibilities of Mr. Little as its interim Chief Restructuring Officer are: Evaluating capital structure alternatives and identifying additional sources of financing. Developing and executing plans to improve liquidity against existing assets
Executing profitability improvement initiatives. Communicating with select key stakeholders.
Tandy Brands Accessories, Inc. is a designer and marketer of branded menâs, womenâs and childrenâs accessories, including belts, gifts, small leather goods and bags. The Companyâs merchandise is marketed under a portfolio of licensed and brand names, including SPERRY TOP-SIDER, EDDIE BAUER, TOTES, MISS ME, SAMSONITE, AMERICAN TOURISTER, SEAN JOHN, WOLVERINE, HAGGAR, ARNOLD PALMER, DOCKERS, KODIAK, TERRA, ROLFS, AMITY, CANTERBURY, PRINCE GARDNER, PRINCESS GARDNER, ABSOLUTELY FRESH and SURPLUS. The Company also sells private branded products for retail customers. It operates in two segments: accessories, which include belts, small leather goods and bags, and gifts.