- Client
- Ace & Tate
- Duration
- 2 months
- Sweavers
- Ignacio Bruin, ex ING Corporate Investments • 10 years of experience
Ace & Tate is based in Amsterdam and specializes in stylish, affordable eyewear. The company has over 80 stores in 10 European countries and operates independently, backed by private investors.
The challenge
Ace & Tate had the ambition to grow rapidly and open at least 10 additional retail stores. Key question for the new CFO was how to finance this ambition. With external capital becoming more expensive, the challenge was to free up cash from the current operations to finance growth.
Our Collaboration
Within a couple days after contacting Sweav, a Sweaver (ex ING and Karmijn Kapitaal), joined the team of the CFO. Within a couple weeks, he helped the CFO in creating concrete growth financing scenarios, including reducing inventory in certain parts of the business. After setting up the models and analysis, he stayed on part-time to make sure progress by the finance team was made.
