Restructure First, Monetize Later

“We are experts in the 'turnaround' of companies in crisis: Almost all of the companies that I take over first have to be restructured to survive."”

“Even during his studies at the elite Bocconi University in Milan, he founded two start-up companies, which he sold at a high profit. Enter, restore, merge – following this principle, he bought the Italian retail group La Rinascente in 2005 with Investitori Associati, Deutsche Bank Real Estate (RREEF), and Pirelli Re, restructured it, and merged it with the cheaper department store chain UPIM.”