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Mergers and Acquisitions Fails

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Manage episode 335554983 series 3372797
Innehåll tillhandahållet av BDO Canada. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av BDO Canada eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

This episode explores Merger and Acquisition fails. How did one of the biggest retail tech giants in North America stumble on their way to expanding globally? In the years after the 2008 financial crisis, one part of Best Buy’s recovery plan was to expand into the United Kingdom and China, neither went well, this is what happened.

Best Buy also received a lot of praise for being one of the few traditional brick-and-mortar retailers to survive the retail apocalypse that killed or significantly weakened many of its competitors, like Sears and Kmart. Its stock peaked back in 2018 and it’s still the top retailer of consumer electronics, even beating out e-commerce giant Amazon. But in the years after the 2008 financial crisis, one part of Best Buy’s recovery plan failed spectacularly on two fronts: its expansion into the United Kingdom and China proved disastrous. In the UK, after just two years, the company closed its 11 bigbox stores and exited the country.

Guest
Ryan Farkas, Managing Director of M&A and Capital Markets for BDO in Toronto. Ryan has been working with private companies in Canada advising them on mergers and acquisitions for over 18 years

About the show
This show is about doing business globally. We provide expert insights for Canadian companies looking to enter new markets and stay competitive. Whether your business has international presence, is considering the beginning of an international expansion or, if you’re in the middle of revising your expansion plan, then this show is for you.
About Mike
Michael Madsen is the International Liaison Partner for BDO Canada, maintaining a global business role to the BDO Global organization with representation in over 164 countries worldwide. He is responsible for ensuring BDO is positioned to be the provider of choice for clients operating internationally.

Michael is born and raised in Vancouver, is the father of 3 children, and is an avid soccer fan. Michael is also an outdoor cat, and enjoys spending time doing yard work followed by a cold beer as a reward for the hard work.

Over 100 years of BDO in Canada

What began with a small office in Winnipeg over 100 years ago has grown to more than 100 locations across Canada and thousands more around the world.

BDO Canada has come a long way since founder Colonel James M. Dunwoody left Belfast for Canada, starting a firm of chartered accountants. National and international alliances were formed through a series of partnerships, helping position BDO for success in Canada. Today, we offer 4,000 professionals in offices from Vancouver to St. John’s, serving clients across many industries.

In 2021, we celebrated the significant milestone of our centennial. Throughout the year, we highlighted our history, challenges we’ve overcome, our growth, the ways we give back to our communities, our people, our leaders, and our clients that have made BDO what it is today.

Locations and strategies may have changed, but our focus has not. We remain committed to understanding our clients’ needs, fostering strong relationships through hands-on partner involvement, and delivering exceptional service. And as our clients grow, our capabilities expand with them, always in pursuit of providing the highest levels of strategic insight and technical skill.

Disclaimer

The information in this podcast is provided for general informational purposes only. It may not reflect the current law in your jurisdiction and it should not be taken as, and it is not intended to render accounting, tax, consultative, investment, legal or other professional advice or services. These podcasts reflect the opinions of only the authors who are associated persons of BDO Canada and any third-party information provided therein, at the time of recording and do not reflect the views of BDO Canada LLP or any of its subsidiaries or affiliates.

This podcast is not intended as a substitute for professional advice - listeners should not rely on, act upon, or fail to take any action based on the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other qualified professional. Please do not disregard any professional advice or delay in seeking professional advice because of something you have heard here.

  continue reading

10 episoder

Artwork
iconDela
 
Manage episode 335554983 series 3372797
Innehåll tillhandahållet av BDO Canada. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av BDO Canada eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

This episode explores Merger and Acquisition fails. How did one of the biggest retail tech giants in North America stumble on their way to expanding globally? In the years after the 2008 financial crisis, one part of Best Buy’s recovery plan was to expand into the United Kingdom and China, neither went well, this is what happened.

Best Buy also received a lot of praise for being one of the few traditional brick-and-mortar retailers to survive the retail apocalypse that killed or significantly weakened many of its competitors, like Sears and Kmart. Its stock peaked back in 2018 and it’s still the top retailer of consumer electronics, even beating out e-commerce giant Amazon. But in the years after the 2008 financial crisis, one part of Best Buy’s recovery plan failed spectacularly on two fronts: its expansion into the United Kingdom and China proved disastrous. In the UK, after just two years, the company closed its 11 bigbox stores and exited the country.

Guest
Ryan Farkas, Managing Director of M&A and Capital Markets for BDO in Toronto. Ryan has been working with private companies in Canada advising them on mergers and acquisitions for over 18 years

About the show
This show is about doing business globally. We provide expert insights for Canadian companies looking to enter new markets and stay competitive. Whether your business has international presence, is considering the beginning of an international expansion or, if you’re in the middle of revising your expansion plan, then this show is for you.
About Mike
Michael Madsen is the International Liaison Partner for BDO Canada, maintaining a global business role to the BDO Global organization with representation in over 164 countries worldwide. He is responsible for ensuring BDO is positioned to be the provider of choice for clients operating internationally.

Michael is born and raised in Vancouver, is the father of 3 children, and is an avid soccer fan. Michael is also an outdoor cat, and enjoys spending time doing yard work followed by a cold beer as a reward for the hard work.

Over 100 years of BDO in Canada

What began with a small office in Winnipeg over 100 years ago has grown to more than 100 locations across Canada and thousands more around the world.

BDO Canada has come a long way since founder Colonel James M. Dunwoody left Belfast for Canada, starting a firm of chartered accountants. National and international alliances were formed through a series of partnerships, helping position BDO for success in Canada. Today, we offer 4,000 professionals in offices from Vancouver to St. John’s, serving clients across many industries.

In 2021, we celebrated the significant milestone of our centennial. Throughout the year, we highlighted our history, challenges we’ve overcome, our growth, the ways we give back to our communities, our people, our leaders, and our clients that have made BDO what it is today.

Locations and strategies may have changed, but our focus has not. We remain committed to understanding our clients’ needs, fostering strong relationships through hands-on partner involvement, and delivering exceptional service. And as our clients grow, our capabilities expand with them, always in pursuit of providing the highest levels of strategic insight and technical skill.

Disclaimer

The information in this podcast is provided for general informational purposes only. It may not reflect the current law in your jurisdiction and it should not be taken as, and it is not intended to render accounting, tax, consultative, investment, legal or other professional advice or services. These podcasts reflect the opinions of only the authors who are associated persons of BDO Canada and any third-party information provided therein, at the time of recording and do not reflect the views of BDO Canada LLP or any of its subsidiaries or affiliates.

This podcast is not intended as a substitute for professional advice - listeners should not rely on, act upon, or fail to take any action based on the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other qualified professional. Please do not disregard any professional advice or delay in seeking professional advice because of something you have heard here.

  continue reading

10 episoder

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