Moelis & Company has been engaged to advise crafts retailer Michaels on its restructuring efforts. This advisory role comes after the Trump administration raised tariffs on Chinese imports to 145%, creating significant financial pressure for the company.
Michaels began working with restructuring advisers, including Moelis, consulting firm FTI, and law firm Paul Weiss Rifkind Wharton & Garrison. This engagement highlights Moelis's expertise in navigating complex financial challenges and providing strategic solutions for distressed companies.
The firm's involvement in this high-profile restructuring case demonstrates its ability to secure mandates in challenging economic environments. Such advisory services contribute to Moelis's revenue streams, particularly from its restructuring practice.
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