FOR IMMEDIATE RELEASE
July 15, 2010
Contact: Kristin Riger, (813) 281-0062
Dallas, TX, July 15, 2010 - Focus Management Group, a nationwide business restructuring firm, has been appointed as financial advisor to Majestic Liquor Stores, Inc. (“Majestic”) under an order entered by the United States Bankruptcy Court for the Northern District of Texas Fort Worth. Majestic recently voluntarily filed for Chapter 11 bankruptcy.
Majestic Liquor Stores, Inc. is Tarrant County’s oldest and largest chain of retail beverage stores. Founded in 1942, Majestic operates over 45 retail locations and carries a full inventory of fine wines, beer, spirits, cigars and accessories. Majestic was incorporated in Texas in 1955 and has posted yearly gross sales in excess of $150 million. Majestic intends to emerge from bankruptcy with a plan of reorganization that preserves Majestic’s profitable operations.
Focus Management Group is providing Majestic with advisory services in the planning of its Chapter 11 filing and is assisting the Company in the preparation of its Plan of Reorganization and the internal administration of its Chapter 11 case.
Overseeing Majestic through the Chapter 11 process is Anthony Wolf, a Managing Director of Focus Management Group. Wolf is a Certified Turnaround Professional with over 30 years of leadership experience in Chapter 11 reorganizations, financial restructurings and operational turnarounds. Wolf is based out of the firm’s Dallas office and can be reached at (214) 295-3062 or by email at a.wolf@focusmg.com.
About Focus Management Group
Focus Management Group provides nationwide professional services in turnaround management, insolvency proceedings, business restructuring and operational improvement with a senior-level team of 130 professionals. Headquartered in Tampa, FL, with offices in Atlanta, Chicago, Cleveland, Columbus, Dallas, Los Angeles and Philadelphia, the firm provides a full portfolio of services to distressed companies and their stakeholders, including secured lenders and equity sponsors.
For additional information about Focus Management Group, visit www.focusmg.com or call 800-528-8985.