Forstinger
Forstinger, headquartered in Vienna, Austria, is the leading Austrian retailer for car and bike accessories as well as a leading fast fitting service provider. The company was acquired in 2002 out of insolvency. A comprehensive turnaround plan was implemented by an entirely new management team. Personnel was reduced, the number of suppliers cut, and average contribution margin per store increased substantially. The real estate business was separated from the operating business, and turned around by acquiring new outside tenants, redesigning outlets, and by renegotiating most tenant leasing and credit contracts. After the successful turnaround and realignment of Forstinger´s core business a financial investor took over the operations while the real estate business was sold to an Austrian real estate fund.
