Alternatives for a Distressed Company in Apparel and Retail: A Discussion on Strategies and Tips for a Successful Turnaround, Financing and Sale. The process of bidding for, financing and acquiring distressed companies in the Apparel and Retail space is competitive and complex. The panel will address the strategies and tips for success from the perspectives of an investment banker, a deal and bankruptcy lawyer, a turnaround executive, a lender and a tax accountant.