The Never-ending Retail Apocalypse - What’s Next?
1.0 CLE anticipated / 1.2 CPE credits / 1.2 CEUs available
Wednesday, February 24, 11:00 a.m. - 12:00 p.m. CST
Retail has been one industry hit hardest by COVID-19. During this session, we’ll explore the pivot retailers had to make to stay afloat, and what kind of impact it’ll have on future strategies and opportunities. Was accelerating their e-commerce sales enough for some? Do retailers with big brand names have an advantage because of their online presence? Find out when you join this session!
Moderators:
Cheryl Carner, Crystal Financial
Mary Ann Domuracki, MMG Advisors
Speakers:
Christine Hutchinson, Bank of America Retail Finance
Larry Meyer, Independent Board Member
William S. Taubman, The Taubman Company LLC
About the Moderators:
Cheryl Carner, Crystal Financial
Cheryl Carner is a results-driven professional with over 25 years of corporate finance experience. She is well versed in the debt capital markets and her expertise in structuring complex debt financings for middle marketing companies has provided her clients with solutions that generate immediate benefits in terms of providing incremental liquidity, growth capital, or reducing the cost of capital. Cheryl is currently a Senior Managing Director and Head of Originations at Crystal Financial a non-bank direct private credit provider with $600 million in AUM. In her role she is responsible for business development and marketing strategy and is a member of the firm’s investment committee.. Since joining in 2011, she has sourced, structured and underwritten over $600 million of debt financings. Prior to Crystal, Cheryl was a SVP at GE Franchise Finance focused on the financing needs of private equity backed companies in the restaurant industry. As a Managing Director at CapitalSource she led the Retail & Consumer specialty lending team. Her career began in the asset-based lending sector at Fleet Retail Finance. She received her MBA at the F. W. Olin Graduate School of Business at Babson College and her BBA at the University of Massachusetts at Amherst.
Mary Ann Domuracki, MMG Advisors
Mary Ann Domuracki brings strategic consulting and transaction advisory experience to a broad range of international clients in the consumer and retail sectors. Her experience spans mergers and acquisitions, including cross-border transactions and special situations, capital raising, and strategic planning. Her recent experience includes advising Wacoal in its acquisitions of Lively and the Eveden Group, Shanghai Shenda in its acquisition of Perfect Fit, and Camuto Group in its sale to DSW and Authentic Brands Group.
Prior to joining MMG Advisors in 2015, Mary Ann was a Managing Director at Financo. Her earlier financial and operational experience includes serving as CEO and President of Danskin and EVP of Kasper ASL.
Mary Ann serves on the Advisory Board of LIM College and is a member of the American Apparel & Footwear Association (AAFA) and the Turnaround Management Association (TMA). She is a co-founder of The DealmakeHers, an exclusive network of female leaders in the retail and consumer space. She was named one of the Most Influential Women in Mid-Market M&A in 2020. Mary Ann holds a BBS from Pennsylvania State University with a concentration in Accounting. She is a CPA and holds the FINRA Series 7, 63 and 79 securities licenses.
About the Speakers:
Christine Hutchinson, Bank of America Retail Finance
Christine Hutchinson is a Senior Vice President in the Retail Finance Group at Bank of America Merrill Lynch. The Retail Finance Group is an industry focused team of ABL specialists that meet the financial needs of retailers. Christine has specialized in providing Asset Based solutions for Bank of America for over twenty years.
Since joining the bank in 2000 Christine has served in a variety of roles with increasing responsibility across credit products portfolio management. In her current role, Christine is involved in financing a broad range of complex acquisition, turnaround and workout transactions in the retail sector. She is fully engaged in the structuring of asset based credit facilities from the presentment of term sheets through the completion of due diligence, negotiation of loan documentation, and ongoing portfolio management. She is responsible for the monitoring of client risk profiles and implementation of risk mitigation strategies in response to identifiable credit quality deterioration.
Christine has a BA in Economics from Colby College. She is FINRA registered and holds Series 7 and 63 securities licenses. Christine was a recipient of the CFA’s inaugural 40 Under 40 Award in September 2016.