Cord Crafts Division: Phoenix Capital Resources, Phoenix Management Services Client Cord Crafts was a $50 million manufacturer of high-end silk flower arrangements based in Wharton, NJ. Problem Cord Crafts was challenged by several factors. The Company had recently written off several large receivables from some major retailers that had filed for Chapter 11 protection; a catastrophic computer crash permanently destroyed all of the Company’s data; the Company’s recent acquisition of a West Coast-based competitor had not yielded the efficiencies that had been expected. Solution Phoenix Management Services advised the Company as it consolidated the recently completed West Coast acquisition and implemented a broad array of financial and IT controls. Phoenix also implemented a re-focused cash m

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