In 1981, shortly after Jack Welch became CEO of General Electric (GE), he issued a now-famous directive: Each of the company’s business units had to be number one or two in their markets; if not, they’d have to fix, sell or close it.
In this two-part series, we discuss why an objective Fix, Sell, Close assessment is a powerful strategy for businesses and investors looking to use their capital more effectively, and outline the benefits and potential scenarios for each option.
This first article focuses on the A&M approach to Fix, Sell, Close solutions, with a detailed examination of the “sell” route.
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ALVAREZ & MARSAL APPOINTS RAJAN PRASANNA AS MANAGING DIRECTOR TO STRENGTHEN TURNAROUND & RESTRUCTURING CAPABILITIES IN INDIA
July 31, 2026
Leading global professional services firm Alvarez & Marsal (A&M) India has announced the appointment of Rajan Prasanna as Managing Director within its Turnaround & Restructuring practice.
Harnessing the Three Cs: Cash, Cost, and COGS
July 28, 2026
Growth opportunities across the Middle East remain strong, but so does the need for financial discipline. Higher interest rates, inflation, and tighter liquidity are increasing pressure on capital allocation and operational performance.
THE A&M DISTRESS ALERT
July 6, 2026
The latest Alvarez & Marsal (A&M) Distress Alert indicates that businesses are entering this shaky period from a vulnerable financial position. The data shows that financial distress among European corporates reached a four-year high in 2025, driven primarily by earnings weakness.
Alvarez & Marsal builds restructuring and turnaround expertise in Italy with two senior hires
July 3, 2026
Sector experts Claudia Lotti and Francesco Leone join as Managing Directors to co-lead A&M’s Financial and Operational Restructuring team in Milan
