Report: Circuit City Hires Turnaround Firm
After dismissing its CEO and reporting another quarter of nine-figure losses, Circuit City has retained the services of a turnaround firm in order to assist with restructuring. That’s according to a Bloomberg News report Tuesday which cited “two people with knowledge of the appointment.”
Circuit City has brought in FTI Consulting Inc., a firm that specializes in advising troubled companies. Neither Circuit City or FTI would confirm or deny to Bloomberg that they are working together.