Matt Katz, Managing Partner and Head of Retail & Consumer Packaged Goods spoke with The Business of Fashion about the fate of ‘zombie’ retailers that have been brought back to life this year after emerging from bankruptcy or being purchased by new owners.
Matt notes that while things like bankruptcy, new ownership, and refinancing of debt can act as a short-term solution for struggling retailers, their long-term survival is uncertain. “As long as the 20 million middle America, lower-income consumers between the ages of 45 to 65 are willing to shop at these brands, for now, the business will be fine, but at some point, that group will be today’s 20- and 30-year-olds. Will that person have the same affinity?”
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Brian Nordyke and John Rodgers highlight a four-step action plan to align interests and prevent further home insurance market deterioration in this Property & Casualty 360 article.
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John Rodgers, Jim Kane, and Jenny Halim highlight the importance of minimizing disruption and maximizing retained value when divesting entangled assets in this Insurance Thought Leadership article.
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From Pilot to Scale: Building the GenAI-Ready Organization
While GenAI today is in the public eye, early forms of AI have influenced the workplace for decades. AI appeared in the 1950s, with more practical applications emerging thirty years later. With advances in machine learning and natural language processing, AI’s role expanded. Most remember when GenAI took center stage in late 2022, with ChatGPT capturing the world’s attention. According to OpenAI, more than one million people signed up in just five days.
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