Client:
Allied Irish Bank

Reporting level:
Board

Task:
Operational and strategic assessment of Peine Group, the leading German menswear wholesaler

What we did:

• Peine was in process of implementing a comprehensive strategic plan
• Pragma rapidly identified core brands to be retained, assets to be sold and a viable business model for new owners
• Business and assets subsequently sold preserving two thirds of company's jobs
• Bank recovery exceeded initial projection by a factor of four

Result:
Pragma's business analysis assisted AIB in maximising its recovery