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Turning Around a Retail Company from Deep Crisis to Profitability

CLIENT:

A regional market leader operating a retail chain of consumer electronics stores.

“This turnaround required deep surgery across many areas of the business because the company was in critical condition. For example, we had to completely rebuild the management team – and that was just one of many necessary changes. Many difficult decisions had to be made, but sometimes they are an essential part of recovery.”

Andriy Managing Partner
RESULTS OF RAIN’S WORK

The company operated approximately 80 consumer electronics stores and, at the beginning of our engagement in 2009, was on the verge of bankruptcy.

Within 16 months, we restored the company to healthy profitability without raising any additional financing.

In 2010, the company was acquired by a strategic buyer and merged with a national retail chain.

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Andriy Boyechko, CFA Managing Partner
Professional experience:

More than 25 years of hands-on experience in delivering complex business projects for clients across a wide range of industries, including food manufacturing, healthcare, IT, apparel, e-commerce, retail, real estate, and, more recently, defense technologies.

He has led the development of numerous national and regional market leaders in Ukraine — several of them built from zero — as well as one global industry leader, working closely with business owners and management teams.

His core expertise includes strategy and go-to-market execution, sales and marketing, organizational design, corporate finance, and investments, with a clear focus on delivering measurable practical results.

Alongside his client work, Andriy has also built a number of his own growing businesses, which further shapes his pragmatic and results-oriented approach.

Andriy studied business in universities in Ukraine, the United States, and Austria. In 2001, he became one of the first Ukrainians to earn the Chartered Financial Analyst (CFA) designation through the globally recognized CFA Institute program.

Roman Baranov Project Manager
Professional experience:

20 years of practical experience in strategy development and implementation, online and offline marketing, sales, as well as various HR-related areas.

He has a significant number of successful cases in the development and launch of new products (more than 40) across various industries. He also has successful experience in rebranding and relaunch campaigns for several leading national and regional brands.

His greatest experience is in the following industries: food production and distribution, FMCG, healthcare, retail, e-commerce, and professional services.

He has experience in startup projects as a co-founder, manager, or functional lead, including: a full-service digital marketing agency (2016–present), a product IT company (2022–present), a food production and export business (2021–present), and an online retail business (2009–2014).

He received business education in Ukraine and Germany. He is fluent in English, German, and Spanish.

Yuriy Panchenko, CFA Project Manager
Professional experience:

More than 20 years of experience in investment project evaluation, new business concept development, strategy formulation and implementation, and building effective management teams.

His focus includes company restructuring, operational improvements, market research and new project evaluation, change management, and the implementation of solutions that create value for companies and entrepreneurs. He has completed more than 100 projects of varying complexity. He also has experience building several successful businesses from the ground up.

His deepest industry experience includes residential, commercial, and industrial real estate, trade, energy efficiency, healthcare, steel manufacturing, apparel, industrial lubricants, and others.

He is a Chartered Financial Analyst (CFA) charterholder and is fluent in English and French.