Joost de Haas

Adjunct Professor of Entrepreneurship
Email joost.dehaas@insead.edu
The case describes how a loss-making ferry company was brought back to financial health, modernised and recapitalised in less than two years, amidst a context of political pressure, stakeholder hostility and a €600 million fine from the European Union. The Société Nationale Maritime Corse Méditerranée (SNCM) was sinking under the weight of French blockades and belligerent unions.

Published 26 Jul 2019

Reference 6500

Topic Entrepreneurship

Industry Maritime

Region Europe

View case
Vendex KBB is at crisis point at the end of 2004, especially its flagship V&D department stores. A consortium of private-equity investors led by KKR, who bought the business a year earlier, persuade retail veteran Tony DeNunzio to take on the challenge of turning the diversified holding company around.

Published 24 Mar 2014

Reference 5886

Topic Entrepreneurship

Industry Retail

Region Europe

View case
Vendex KBB is at crisis point at the end of 2004, especially its flagship V&D department stores. A consortium of private-equity investors led by KKR, who bought the business a year earlier, persuade retail veteran Tony DeNunzio to take on the challenge of turning the diversified holding company around.

Published 24 Mar 2014

Reference 5886

Topic Entrepreneurship

Industry Retail

Region Europe

View case
Causes of and Approaches to Corporate Restructuring and Turnarounds