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 from a negative number tremendously. 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.