Case Study: an Apparel Distributor Improves Operations and Financial Health with MGO

a apparel distributor improves operations and saves costs with MGO on $100 million revenue

An apparel distributor with $100 million in annual revenue faced significant operational challenges, including costly factoring agreements, inefficient duties processes, and a lack of key professional relationships. These issues prevented the company from growing or making long-term strategic decisions. The distributor approached MGO (Macias Gini & O'Connell LLP) for its consulting and client accounting solutions to help improve its financial position.

MGO took a holistic approach by connecting the client with a new factor to renegotiate contracts and a duties attorney to minimize audit risk. This resulted in immediate cost savings from reduced interest rates and lower exposure to duties audits. MGO also introduced the client to investment bankers for strategic sale advice. By establishing these critical professional relationships, MGO helped the apparel distributor enhance its operational efficiency, improve its financial health, and position itself for continued growth.