Corporate restructuring in Europe is set to increase over the nest few years as companies find little respite in unforgiving markets, according to two corporate restructuring heads.
Allen Tilley, the managing director of Glass Europe – the management turnaround advisor – has warned that corporate distress in Europe will increase. “Any fool can lend money”, comments Tilley, “and it may be a cynical remark, but greed often triumphs over common sense.”
And treasury, warns Tilley, is always the first place to look when a company is ailing: “The issue of receivables in Europe is important.
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