Paul Aversano Quoted in Axios
Global Transaction Advisory Group Managing Director and Global Practice Leader, Paul Aversano, was quoted in a recent article in Axios, “Deconstructing the Dissidents.”
Don't overlook the property piece of these activist campaigns, says Alvarez & Marsal Managing Director Paul Aversano. Activists' interest in legacy brick-and-mortar retailers is due in part to the record value of their real estate, he said:
"They look for as many value-creation opportunities as they can find and this is one that’s always been there. It's not advantageous to tie up capital in real estate if there's an alternative that has a greater return. In that vein, the retailer should use the cash to finance acquisitions or pay down debt, for example, rather than pay out special dividends."
