Norbert Steinke is a true retail addict. Over his career he has touched on a wide range of product categories, worked for family businesses as well as for investors, from the shop floor all the way to executive management. Today Norbert is a consultant and advisor to investors and CEOs in the retail industry.
Far over 100 lifestyle brands are taken over every year. While a majority of post-merger integrations fail, here’s what the successful ones have in common.
As a seasoned CEO and experienced retail executive I’ve been part of my fair share of successful (and less successful) post-merger integrations. In my current role, I advise family businesses and financial investors on growing their brands, organically or via acquisition. Although the backgrounds of individual companies, the company cultures as well as the strategic reasons for takeovers differed widely, clear patterns emerge for both successful and unsuccessful cases.