From Manufacturing Crisis to 292% Sales Growth
After a cost-saving manufacturing move left this orthopedic shoe company with unusable product and no clear path forward, The Veltre Group helped stabilize the business, strengthen reporting, and protect key banking and investor relationships. By improving financial visibility and supporting a shift toward online sales, the company increased sales by 292% and was ultimately positioned for sale.
Industry:
Orthopedic Shoes
Challenge:
The client relocated manufacturing from China to the Dominican Republic in an effort to reduce production costs. After closing the Chinese plant, the new manufacturing operation produced inventory with significant quality defects, leaving the company unable to sell or use the product.
They called TVG for support.
With the original plant closed, inventory unusable, and operations at risk, the client needed a clear financial and operational path forward to avoid shutting down the business.
The Veltre Group stepped in to stabilize the situation from multiple angles at once. Our team corrected and strengthened the company’s financial reporting, streamlined monthly reporting processes, and worked closely with the bank to manage a critical line of credit.
At the same time, we maintained communication with investors so they understood the turnaround strategy and remained committed to keeping the company open.
Rather than reducing headcount, the strategy focused on improving financial visibility, tightening operations, and repositioning the company for stronger profitability. We also helped shift the business model away from selling primarily through doctors as a distribution company and toward a more scalable direct-to-consumer online sales strategy.
The results were outstanding.
0
jobs lost during the turnaround
292
percent
increase
in sales
The business was positioned for a successful sale through cleaner financial reporting, stronger profitability, and improved valuation.