Mr. Regan’s experience includes advisories to the official committees of unsecured creditors of Montgomery Ward, Hechinger Investment Co., Levitz Furniture, Just For Feet, Bill’s Dollar Stores, Weiner Stores, Video Update, Payless Cashways, and Ames Department Stores as well as to the term loan holders of Caldor. He has also worked on behalf of the debtors in Breuners Home furnishings, Ultimate Electronics, Furr’s Supermarkets and Dairy Mart. He has served as interim chief executive officer of Cosmetic Center and interim chief financial officer of Mayors Jewelers and has consulted on control issues at Food Lion.
During his career, Mr. Regan has been the lead officer in various public debt financings and private refinancings and restructurings. He was also the chief administrative officer of a newly acquired retail holding company, where he was responsible for an operational restructuring, which entailed the decentralization of systems, financial services and legal and other centralized functions in order that the operating divisions (drugstore, home center, specialty apparel and discounter) could be spun off.
Mr. Regan’s extensive list of accomplishments includes successfully raising $20 million in venture capital as cofounder of a new retail superstore concept involving home health care products; the development and implementation of a strategic turnaround plan for a mass merchandiser, involving a downsizing and store closing action plan; the development of a real estate repositioning strategy for a successful specialty chain, which included the closing of 15 percent of existing stores and the acquisition of a small regional chain in a new growth market; the successful installation of fully integrated retail systems in two different businesses; the development of a strategic technology plan, involving an outsourcing solution for a regional mass merchandiser; and the development of human resource strategies, which involved the redesign of compensation, benefit and incentive programs in two established companies.
Mr. Regan has lectured and participated in panel discussions on various retailing subjects and was a participating author in the publication Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century. He has published articles in Bankruptcy Court Decisions, including one on “How to Value Retail Inventories for Adequate Protection Purposes.” Currently, he coauthors FTI’s annual publication on the state of retailing.
Mr. Regan holds a J.D. from Seton Hall University, an M.B.A. in finance from the Stern School of Business at New York University and a bachelor’s degree in economics from Fairfield University. He is also a certified insolvency and restructuring advisor (CIRA). |