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    <title>AlixPartners’ Research Shows that Increases in Corporate Stress Could Drive Turnarounds and Restructurings across Asia-Pacific</title> 
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    <description>Survey highlights need for comprehensive operational and financial restructurings under experienced interim management – the ‘holistic turnaround’
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    <dc:creator>AlixPartners News</dc:creator> 
    <pubDate>Tue, 21 May 2013 13:11:00 GMT</pubDate> 
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    <title>‘Online Enthusiasts’ Could Represent Most Lucrative Customer Segment for Brick-and-Mortar Casino Brands, According to AlixPartners Study</title> 
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    <description>Average ‘theo’ 10% higher than for those who consistently play in casinos only</description> 
    <dc:creator>AlixPartners News</dc:creator> 
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    <title>AlixPartners Expands Economics-Consulting Practice with Appointment of Mat Hughes</title> 
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    <title>U. S. Achieves Parity with Mexico as a Preferred Manufacturing Location; To Achieve Cost Parity with China by 2015</title> 
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    <description>But, look before you leap – nearshoring may not be profitable in all situations</description> 
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    <title>Despite the Growing Attractiveness of Africa, Nearly a Quarter of Multinational Companies Avoid Operating There Due to Concerns Over Anti-Corruption Laws </title> 
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    <description>
    Nearly a Third of Companies Doing Business in Africa Say the Market is as Attractive as or More Attractive than both Asia and Latin America
    63% Believe that Doing Business in Africa Requires More Emphasis on Managing Legal and Compliance Risk

NEW YORK (April 11, 2013) – While many multinational companies are recognizing the potential for growth in Africa and incorporating that into their business strategies, nearly a quarter (24%) of senior executives say they avoid operating in Africa due to concerns over complying with anti-corruption laws.

Meanwhile, nearly two-thirds (63%) of those whose companies are doing business in Africa believe that doing so requires a greater emphasis on managing legal and compliance risks than when operating in their home jurisdiction. Among that number, 86% believe that their companies are at risk to corruption. That’s according to a survey of more than 200 senior executives from companies around the world released today by AlixPartners, the global business-advisory firm, and Dentons, a global law firm. &amp;#160;

The poll also found that 30% of those doing business in Africa say the African market is as attractive as or more attractive than Asia or Latin America, with 59% viewing Africa as strategically important to their businesses and 52% saying the continent is just as or more attractive than the countries of the former Soviet Union. South Africa was viewed to be the most attractive country for doing business in Africa, with 72% of respondents indicating they do business there, followed by Egypt (48%) and Nigeria (31%).

“These findings demonstrate the degree to which multinationals are recognizing the African growth story and are taking steps to fully grasp the enormous benefits of investing there,” said Charles Laurence, managing director at AlixPartners. “At the same time, though, companies need to comprehend the complexities and risk factors that could impact a decision to enter the region or increase the amount of business they do there. In order to capitalize on these investment opportunities, companies need to develop appropriate compliance mechanisms that are tailored to Africa’s dynamic environment.”
&amp;#160;
Corruption and Inadequate Knowledge Represent Hurdles for Many Companies
Underscoring the need to carefully evaluate complexities and risks, 28% of respondents in the survey say they had ceased doing business in Africa due to corruption concerns; and 22% say they avoided doing business there for the same reason.

However, the survey also finds that inadequate knowledge may also be hampering the degree to which multinationals are investing in Africa. Among those whose companies that are not operating in Africa, 86% say they didn’t have a good understanding of the opportunities and risks of doing business there. Interestingly, more than three-quarters (76%) of the executives whose companies do not operate in Africa said they had a limited understanding of the benefits of establishing a presence there, consistent with perceptions in the survey about corruption risk. However, only 29% of respondents attributed corruption risks to first-hand knowledge, while nearly two-thirds (65%) based these risks on Africa’s reputation.

&amp;#160;“The findings of this survey suggest that there is a perception gap that continues to exist among many potential investors that are not yet doing business on the continent,” said Thomas Laryea, partner at Dentons. “Despite the support that many respondents expressed for establishing a presence in Africa, even among companies who believe there are significant benefits to investing in the region, many still do not have a sufficient understanding of the market, or may be unduly influenced by news or other negative reports. Too many companies are missing out on the business potential within Africa’s dynamic markets.”

Respondents also said that better-tailored anti-corruption programs and assistance from legal and financial advisors represented means to better understand Africa’s business culture and to reduce potential risks. &amp;#160;

About the Survey
The AlixPartners/Dentons Africa: Now Open for Business Survey was conducted in December, 2012, and polled senior executives who deal with, among other things, their companies’ operational and compliance issues. Respondents came from multinational companies with annual revenues of $250 million or more, with 75% representing companies with revenues of $1 billion and above. Industries represented included financial services, insurance, healthcare, life sciences, information technology, energy, consumer products, transportation, aerospace, retail, chemicals and agriculture, among others.

About AlixPartners
AlixPartners, LLP is a global business-advisory firm offering comprehensive services in four major areas: enterprise improvement, turnaround and restructuring, financial advisory services and information management services. Founded in 1981, the firm has offices around the world, and can be found on the Web at www.alixpartners.com.

About Dentons
Effective March 28, 2013, SNR Denton proudly combined with international law firm Salans and Canadian law firm Fraser Milner Casgrain (FMC) to form Dentons—a new Top 10 international law firm with more than 2,500 lawyers and professionals in 79 locations in 52 countries—to provide clients a competitive edge in an increasingly complex, interconnected and competitive marketplace. Dentons was recently voted the “leading law firm in Africa” by emeafinance for the third consecutive year. The firm has been working in the African market for over 60 years. Dentons’ 20 associate offices in major business and financial centers across Africa are integrated in client service with our established presence. Dentons has a team a team of dedicated Africa specialists in Washington, DC, New York, London, Paris, Cairo, and Dubai, and offers a full range service on Africa-related matters, including finance, energy, infrastructure, mining, dispute resolution, compliance and anti-corruption. For more information, visit www.dentons.com.</description> 
    <dc:creator>AlixPartners News</dc:creator> 
    <pubDate>Thu, 11 Apr 2013 14:12:00 GMT</pubDate> 
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    <description>A deeply experienced expert, who’s currently serving as CRO of Kodak</description> 
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    <title>44% of Shipping and 35% of Construction Companies in Korea in Danger of Possible Insolvency, Says AlixPartners Analysis</title> 
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    <description>But Korea can have a General Motors-like turnaround, says Vice Chairman Al Koch, by adopting a holistic, operational-led focus</description> 
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    <description>An expert in liquidity management, cost reduction, working-capital improvement and asset sales</description> 
    <dc:creator>AlixPartners News</dc:creator> 
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    <title>Experts outline challenges and solutions for SME financing</title> 
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    <description>GCC businesses struggle to obtain bank funding, alternatives needed</description> 
    <dc:creator>AlixPartners News</dc:creator> 
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    <title>57% of Finance Executives Say their Companies Are ‘Fair’ or ‘Poor’ at Ensuring Big Data and Similar IT Projects Yield Expected Returns, Says CFO Research/AlixPartners Survey</title> 
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    <description>Over two-thirds give their companies a ‘C’ or ‘D’ in measuring the returns; ‘keep-it-running’ IT costs seen as cannibalizing business-improvement IT monies</description> 
    <dc:creator>kjohnshost</dc:creator> 
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    <title>Large Potential in Online Gambling, If Addressed Correctly, According to AlixPartners Study</title> 
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    <dc:creator>kjohnshost</dc:creator> 
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    <title>AlixPartners Bolsters Financial-Services Technology Offerings with the Addition of Seth D. Rosensweig</title> 
    <link>http://www.alixpartners.com/en/MediaCenter/PressReleaseArchive/tabid/821/articleType/ArticleView/articleId/513/AlixPartners-Bolsters-Financial-Services-Technology-Offerings-with-the-Addition-of-Seth-D-Rosensweig.aspx</link> 
    <description>NEW YORK (Feb. 7, 2013) – AlixPartners, the global business-advisory firm, today announced that technology and information management services expert Seth D. Rosensweig has joined the firm as a managing director in AlixPartners’ IT &amp;amp; Applied Analytics Practice.&amp;#160; Rosensweig, who is based in New York, has broad information management, analytics and technology integration skills, as well as over 20 years of experience in the financial services industry, including commercial and regional banking, capital markets, and asset management.
Rosensweig joins AlixPartners from Ernst &amp;amp; Young LLP, where he was a partner leading a practice focused on the technology implications of regulatory reform and operations improvement. He specializes in technology regulatory and compliance reform, as well as in technology integration, information management, and analytics and reporting optimization.&amp;#160; He has provided advisory services to many of the largest financial services companies in the world.&amp;#160;
Prior to Ernst &amp;amp; Young, Rosensweig spent six years at BearingPoint, focusing on IT and operations improvement within financial services.
“AlixPartners has a strong commitment to technology, applied analytics and financial services, sectors that become more and more entwined each day,” said Peter Fitzsimmons, AlixPartners’ president of the Americas.&amp;#160; “Seth will be a great resource for financial services executives and other clients looking for strong customer-data management, technology integration and enterprise reporting.”
Rosensweig has a master’s degree from Columbia University and a bachelor’s from the University of Delaware.
About AlixPartners
AlixPartners, LLP is a global business-advisory firm offering comprehensive services in four major areas: enterprise improvement, turnaround and restructuring, financial advisory services and information management services. Founded in 1981, the firm has offices around the world, and can be found on the Web at www.alixpartners.com.</description> 
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    <pubDate>Thu, 07 Feb 2013 19:41:00 GMT</pubDate> 
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