The retail and consumer sector is developing rapidly in Cyprus as in Central and Eastern Europe especially following the accession of Cyprus to EU in May 2004. This development has signalled a period of uncertainty for companies in the industry where traditional boundaries that used to define geography, store types, trade channels, trading partners and organisations functions are very volatile. Companies in order to be successful must be able to respond quickly to increased competition and regulatory changes.
Consumers are becoming more demanding and able to shop around in order to pay less. New competitors are continuously entering the market coupled with the impact of e-commerce, smartcard schemes, and parallel importing.
Companies in the sector must rethink their earnings strategies and look to new efficiencies to drive bottom line growth. Maintenance of margins through balancing costs and pricing will remain a challenge in this ever-competitive industry.
Assurance & Regulatory Reporting
Our audit, whether for statutory or other regulatory purpose, is carried out by industry experienced professionals and tailored to suit the size and complexity of each of our client's organisations. It is aligned to our client's business functions, not just their financial processes. Our deep understanding of regulation and legislation means we can help with complex reporting requirements such as International Financial Reporting Standards (IFRS).
Transaction Services
Our professionals provide support to both buyers and sellers across the deal process - from initial strategic assessments to pre-deal due diligence, through preparation for and issues around completion, concluding with post-deal transition and implementation support.
Corporate Finance
Our approach provides creative solutions for disposals, fund raising, IPOs, private equity and M&A deals. Within our corporate finance practice, we have a team of professionals focused exclusively on the retail and consumer sectors.
Valuation & Strategy
Our teams deliver valuation and financial, economic and strategic advice to companies on their brands, products, services, customers and markets. Our retail and consumer goods specialists provide advice on valuation issues including independent valuations, impairment reviews, fairness opinions and valuations for tax purposes.
Business Recovery Services
Our specialists deliver solutions for complex underperformance issues in retail and consumer companies. Our specialists in the sectors work with management and shareholders to stabilise crisis situations through enhancing operational efficiency through supply chain improvement; reducing working capital quickly when cash is at a premium and the realisation of distressed property portfolios and/or disposals.
Performance Improvement Consulting
We provide specific solutions to support retail and consumer goods companies in optimising their corporate performance, including advice on store operations and staffing, financial management, obtaining value from technology, supply chain effectiveness and outsourcing.
