The Company voluntarily filed for Chapter 11 bankruptcy relief on March 3, 2009.
Hyman operates a chain of accessory boutiques in the United States. Its boutiques offer various jewelry products, such as necklaces, bracelets, earrings, pins, rings, enhancers, silver products, platinum plated products, and minaudieres and pillboxes, as well as handbags and watches. Founded in 1987, the company is headquartered in Allentown, Pennsylvania.
Focus Management Group is providing Hyman with advisory services following the Company’s Chapter 11 filing, including the preparation of cash forecasts, budgets, projections, filing documents and Plan negotiations. Focus is also assisting Hyman in the preparation of SOFAs, Schedules and Monthly Operating Reports and post petition is performing a broad range of financial reporting, consulting and advisory services on behalf of the Company as required in its Chapter 11 case.
The Focus team is led by John Bambach, Jr., Managing Director, and Howard Cohen, Senior Consultant. Bambach, a Certified Turnaround Professional, has over 20 years of bankruptcy and turnaround management in a diverse range of industries. Cohen, a Certified Public Accountant, has over 30 years of business restructuring experience, with specific expertise in bankruptcy, debtor and creditor rights, turnaround consulting and strategic planning. Both are based out of Focus’ Philadelphia office, and can be reached at 267-207-2724 or E: j.bambach[.]focusmg.com or h.cohen[.]focusmg.com.
About Focus Management Group
Focus Management Group (focusmg.com) provides nationwide professional services in turnaround management, insolvency proceedings, business restructuring and operational improvement with a senior-level team of 120 professionals. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Cleveland, Los Angeles and Philadelphia, the firm provides a full portfolio of services to distressed companies and their stakeholders, including secured lenders and equity sponsors.
For additional information about Focus Management Group, call 800-528-8985.