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40° Good Morning

Turnaround group to look at retail

Jeff Wurst, a senior partner at the Uniondale

Jeff Wurst, a senior partner at the Uniondale law firm of Ruskin Moscou Faltischek.

The busy holiday season has passed on, so let’s have a “post mortem.”

That’s what the Long Island chapter of the Turnaround Management Association will host on Wednesday in Westbury as four big-time retail finance heads get quizzed by chapter board member Jeff Wurst, left, a senior partner at the Uniondale law firm of Ruskin Moscou Faltischek.

“Retail: A Look Back at Christmas 2010” will dwell on liquidations, markdowns, trends and whether it was “merry or miserable” for Long Island. The association is a nonprofit whose members are business managers, financial advisors and professionals specializing in bailing out or liquidating floundering businesses.

“Our volume of work with companies in distress has not started to slow down,” said Wurst,  who heads his firm’s financial services, banking and bankruptcy department. “We continue to intake new matters on a regular basis. Since the new year we have met with retailers, servicing companies, manufacturers and distributors, all of whom are feeling the pressure of the times.”

The panel guests are James Dore, president of Wells Fargo retail finance division; Scott Bernstein, a principal at the Great Neck-based SB Capital Group, a liquidation and asset rescue business; Stewart Cohen, principal managing director at Gordon Brothers Group, a global advisory, restructuring and investment firm; and Peter Schaeffer, a partner with the Carl Marks Advisory Group, a corporate revitalization and investment banking firm.

It’s a $40 breakfast networking event at the Viana Hotel and Spa, starting 7:30 a.m.

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