BNET Industries

Last Fiscal Year Sales:$1.7M
  • Private
  • US
Dow Jones Description

We've become the largest independent Retail and Consumer advisory firm serving both the US market and abroad because our passion for merchandising has led the way. We constantly strive to add breadth and depth to our knowledge and our network because a new idea or a new connection could turn a good deal into a great deal. Specialization and focus are the keys to our success.

Chairman and CEO
Gilbert W Harrison
Number of Employees 34
Contact Information

535 Madison Ave

New York, New York 10022

www.financo.com

1 212 593 9000

NAICS Code Investment Advice: 523930

Recent Events

  • Financo Announces Key Executive Appointment to Head West Coast Operations

    8/28/09 - Board Member - Entering - View Story

News & Analysis

financo inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
William S Susman President
Scott D Abrams Chief Financial Officer
Adam Gallen Vice President
David Inauen Vice President
Lee Anchin Vice President
Robin A Harris Vice President
Vennette W Ho Vice President
Joel Glasky Managing Director
Joshua Goldberg General Counsel and Managing Director Financo, Inc.
Joyce I Greenberg Managing Director
Karen F Goodman Managing Director
Lee Helman Managing Director
Mary Ann Domuracki Managing Director
Steve Reiner Managing Director
William D Busko Managing Director
Beth Steinberg Associate
Chezley Howle Analyst
Colombe M. Nicholas Consultant
David Ishag Special Uk Advisor
Erin Smith
Evan Morgan Analyst
Greg Fayvilevich Analyst
Gustavo E Siman Associate
Isaac C Flanagan Analyst
Jesse Amoroso Analyst
Kim Nguyen Associate
Lee P Horn Analyst
Lucas Brown Analyst
Miguel MuNoz
Omar Rada Analyst
Randy Gornitzky Analyst
Sebastian James Special Advisor
Trent Ward
Yelena Gershman Analyst
Zachary Michelson Analyst

Board of Directors

Name (plus bio) Position
Gilbert W Harrison Chairman and CEO

Chairman and CEO - Financo, Inc. Gilbert W. Harrison founded Financo, Inc. in 1971, and has served as Chairman since the Firm's inception. Between 1971 and 1985, Mr. Harrison oversaw the growth of Financo into one of the nation's largest independent mergers and acquisitions firms. By 1985, the Firm had completed over 140 transactions. That year, Mr. Harrison sold Financo to Lehman Brothers, then a subsidiary of The American Express Company. At Lehman, Mr. Harrison was appointed to the Investment Banking Operating Committee, led the Merchandising Group, and remained Chairman of Financo (whose name was changed to the Lehman Middle Market Group). Under Mr. Harrison's leadership, Lehman's Merchandising group specialized in providing retail apparel, footwear and distribution enterprises with investment banking services, including advice on mergers, acquisitions, divestitures, equity offerings, debt offerings and other similar financings. In March 1989, Mr. Harrison reacquired the Financo name and left Lehman in order to re-establish Financo as an independent entity. Past and present clients of Mr. Harrison include Allied Department Stores Corporation, American Eagle Outfitters, Inc., BlueLight.com, Brooks Fashion Stores, Inc., Casual Corner Group, Inc., CVS (Melville) Corporation, Coty Inc., The Gap, Inc., Groupe Andre plc, Federated Department Stores, Inc., Revlon Inc., Kingfisher plc, Kmart Corporation, The Limited, Sears plc, Schottenstein Stores Corporation, Syms Corporation, and other domestic and international clients.

Organization Position Status
Financo, Inc. Chairman and CEO Current
Financo, Inc. Founder Current
American Arbitration Association member Former
Kmart Corporation Former

Organization Position Status
Financo, Inc. President Current
Salomon Brothers senior member Former
Kellwood Company Former
Merrill Lynch & Co., Inc. Former
Northwestern University Masters of Management Degree Former
University of Michigan Bachelors degree in Business Administration Former
University of Michigan-Ann Arbor Bachelors Degree In Business Administration Former

Scott Abrams has over 20 years of experience in financial control and operations. Mr. Abrams joined Financo in 1995 as Controller and in 1999 was promoted to VP of Finance and Systems. He is responsible for overseeing all aspects of the firm's financial operations, including corporate tax filings, financial reporting, budgets and investment fund administration. In addition, he developed and oversees the office computer network systems, and established cost accounting policies and standards. Prior to joining Financo, Mr. Abrams had extensive experience in the Real Estate sector, including three years at The Solomon Organization as Controller with responsibility for the financial operation of fifteen residential and commercial properties, and four years at United Capital Corp. as Accounting Manager. Mr. Abrams holds a BS in Business Administration from Bryant College. He is a Certified Public Accountant and has qualified as an FINRA Series 28 Financial Operative.

Organization Position Status
Financo, Inc. Chief Financial Officer Current
Financo, Inc. Controller Current
Financo, Inc. Vice President of Finance and Systems Former
United Capital Corp. Accounting Manager Former
Financo, Inc. Finance Executive Former
Bryant College BS In Business Administration Former

Organization Position Status
Financo, Inc. Vice President Current
Gruppo, Levey & Co. Former
Levey and Company Former
Duke University B.A. In Economics Former
Duke University Certificate In Markets and Management Former

Organization Position Status
Financo, Inc. Vice President Current
Financo, Inc. Associate concentrating Former
GM Design Group Ltd. Former
Jones Apparel Group, Inc. Former
Tumi, Inc. Former
Oaktree Capital Management, LLC Former
University of Pennsylvania Former
Wharton School, University of Pennsylvania Former
Hudson News Company Former
Gottschalks Inc. Former
Wharton Graduate School of the University of Pennsylvania Former
University of Pennsylvania Former

Lee Anchin joined Financo as an Associate in 2005. Prior to joining Financo, Mr. Anchin worked with Ernst & Young LLP in its Mergers and Acquisitions Financial Due Diligence Practice, assisting financial and strategic acquirers evaluate potential investment opportunities. He began his career working as a Certified Public Accountant with Ernst & Young, specifically focusing on retail companies. Mr. Anchin graduated with a B.S. degree in Economics with a concentration in accounting from The Wharton School of the University of Pennsylvania. He received an M.B.A. in finance and management from Columbia Business School.

Organization Position Status
Financo, Inc. Vice President Current
Financo, Inc. Associate Current
Ernst & Young Certified Public Accountant Former
Columbia Business School M.B.A. In Finance Former
Wharton Graduate School of the University of Pennsylvania B.S. Degree In Economics Former
School of the University of Pennsylvania B.S. degree in Economics with a concentration in accounting Former

Organization Position Status
Financo, Inc. Vice President Current
Saks Fifth Avenue Enterprises Director of Finance Former
Superior Bancorp Investment Banker Former
The London School of Economics Masters of Science In Economics Former
Darden Graduate School of Business Administration Masters of Business Administration Former

Vennette Ho joined Financo as an Associate in 2004. Prior to joining Financo, Ms. Ho spent two years at Lazard as an equity research associate covering retail and apparel companies including Wal-Mart, Limited Brands, Jones Apparel Group, Costco, Saks, and Target. She began her career in the Bloomingdale's Executive Training Program, first working in bridge sportswear and ultimately becoming senior assistant buyer of costume jewelry. Ms. Ho graduated magna cum laude from Brown University with a Bachelor of Arts in History and Economics. She received her M.B.A. at Columbia Business School, graduating with beta gamma sigma honors in May 2005.

Organization Position Status
Financo, Inc. Vice President Current
Financo, Inc. Associate Current
Saks Incorporated equity research associate Former
Columbia Business School M.B.A. Former
Brown University Bachelor of Arts In History and Economics Former

Joel Glasky joined Financo in 2007 as Managing Director and head of the Firm's securities division. He brings over 30 years of investment banking experience, most recently at JPMorgan where he held a number of leadership roles, including heading the Private Placement and Ratings Advisory Groups, as well as having previously developed and managed the Firm's High Grade Capital Markets desk. He joined the Chase Securities' management team in 1991 and contributed to the growth of the capital markets businesses as the Firm evolved through mergers with Chemical Bank, JPMorgan, and Bank One. Prior to joining Chase, Mr. Glasky had been a Managing Director at Lehman Brothers where he directed its Private Placement Group. Mr. Glasky started his investment banking career at Citibank in the Corporate Finance Group. His expertise is centered on the capital markets where he has been engaged in the structuring and placement of a vast array of securities for a broad universe of issuers. He maintains an active dialogue with the institutional investor community that invests in privately placed securities of all types. Mr. Glasky received his Bachelor of Science with distinction in Electrical Engineering from Cornell University and his Masters in Business Administration from Harvard Business School. He lives in New York City with his wife and daughter.

Organization Position Status
Financo, Inc. Managing Director Current
Financo, Inc. Head Current

Joshua Goldberg is the General Counsel and Managing Director of Financo, Inc. and the General Counsel of Financo Securities LLC. Mr. Goldberg joined Financo, Inc. in 1989 as one of its two original principals when it was re-established as an independent firm, following Gilbert Harrison's repurchase of the Financo name from Lehman Brothers. Mr. Goldberg also serves as a founding partner, Managing Director and General Counsel at Altamont Capital Partners Fund and Mercantile Capital Partners Fund - a private equity funds with portfolio investments in the consumer sector. Prior to joining Financo, Mr. Goldberg worked with Shearson Lehman Brothers in its merchandising industry group between 1886 and 1989. He also served the New York law firms of Kramer, Levin, Nessen, Kamin & Frankel (1985-1986) in mergers & acquisitions, and Berman Engel P.C. in mergers & acquisitions and environmental litigation. For seven years prior he worked in numerous positions at The Stop & Shop Companies, Inc., a supermarket chain founded by his grandfather in 1919. Mr. Goldberg also served as president of Harvard Defenders and legal advisor to Harvard Legal Services in 1982. Mr. Goldberg is a member of the Bars of New York and Massachusetts, the Association of the Bar of the City of New York and the Massachusetts Bar Association. His charitable interests include serving The Putney School, The Goldberg Family Foundation and the Rabb Family Foundations as a trustee; Make-a-Wish Foundation of Metro-NY as a member of its Advisory Board; City Harvest as a sponsor of its ?Kosher Initiative; and various other charitable concerns. Mr. Goldberg received his BA, cum laude, from Harvard University and his Juris Doctor from Harvard Law School.

Organization Position Status
Financo, Inc. General Counsel and Managing Director Financo, Inc. Current
Financo, Inc. General Counsel Current
Harvard Law School Juris Doctor Former
Harvard Law School BA Former

Organization Position Status
Financo, Inc. Managing Director Current
Best Buy Co., Inc. Former
Kmart Former
Barnes & Noble, Inc. Former
Kidder, Peabody & Co. Former
Harvard University Masters In Business Administration Former
Simmons College Bachelor of Arts Former
Brandeis University For One Year Former

Organization Position Status
Financo, Inc. Managing Director Current
The Ohio State University M.B.A. In Finance Former
Tufts University Bachelor of Science In Engineering Former

Organization Position Status
Financo, Inc. Managing Director Current
Gruppo, Levey & Co. Managing Director Current
Ernst & Young Real Estate Group Former
Boston University School of Management M.B.A. in Finance Former
Tufts University B.A. in English Former

Mary Ann Domuracki joined Financo in 2001 as Director of Financo Restructuring, and brings over 25 years of experience combining accounting, advisory and operating management services. Ms. Domuracki's industry experience includes senior management positions as President of Danskin, Inc., Executive Vice President of Administration and Finance of Kasper A.S.L., Ltd. and, most recently, Executive Vice President and Chief Financial Officer of Pegasus Apparel Group, Inc. She also has advisory experience as a Senior Vice President with Conway, Del Genio, Gries & Co., LLC., and her accomplishments include developing and implementing a strategic plan for a diverse portfolio of businesses in a complex turnaround environment. Ms. Domuracki also has 11 years of experience with Ernst & Young's accounting and general business consulting services for retail and apparel wholesale companies. She is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. Ms. Domuracki is a former board member of the American Apparel Manufacturers Association and a member of its Executive and Marketing committees. She was acknowledged as an Industry Leader for the 21st century by the Apparel Industry magazine. Ms. Domuracki has a Bachelors of Business Administration from the Pennsylvania State University with a concentration in accountancy.

Organization Position Status
Danskin, Inc. President Current
Financo, Inc. Managing Director Current
American Institute of Certified Public Accountants Certified Public Accountant and Member Current
Hirsch International Corp. Board of Directors Current
American Institute of Certified Public Accountants Board of Directors Current
American Institute of Certified Public Accountants Member Current
Apparel Industry Industry Leader Former
Financo, Inc. Director Former
The Pennsylvania State University Bachelor of Business Administration Former

Organization Position Status
Financo, Inc. Managing Director Current
McIntire School of Commerce Bachelor of Science Degree Former

Organization Position Status
Financo, Inc. Managing Director Current
Apax Partners Ltd. Former
Worthington Industries, Inc. Former
Gottschalks Inc. Former
Banc of America Securities LLC Former
Genesco Inc. Former
The University of North Carolina M.B.A Former
Wake Forest University B.S. In Business Administration Former

Organization Position Status
Financo, Inc. Associate Current

Chezley Howle joined Financo in 2005. Ms. Howle is a 2005 graduate of The Wharton School of The University of Pennsylvania, where she received a B.S. degree in Economics with concentrations in Finance and Management.

Organization Position Status
Financo, Inc. Analyst Current
Wharton Graduate School of the University of Pennsylvania Former

Organization Position Status
Herbalife International of America, Inc. Consultant Current
Financo, Inc. Consultant Current
Merryck & Co Current
SOLA International Inc. Director Current
Herbalife International of America, Inc. Board of Directors Current
Tandy Brands Accessories, Inc. Board of Directors Current
Herbalife Independent Distributor Amazingdiet.Com Director Current
Amazingdiet Director Current
Acres of Love Inc Director Current
Shelley Penney Director Current
Orr Felt Chief Executive Officer Former
Orr Felt President Former
University of Dayton Trustee Former
LVMH Inc. Former
University of Dayton Board of Directors Former
Bryant College Doctorate in Business Administration Former
University of Cincinnati College of Law Juris Doctorate Degree Former
University of Dayton Bachelor of Arts Degree Former

David Ishag is based in London and provides clients with European representation. Between 1999 and 2002 he opened the European office of idealab!, an early stage transatlantic incubator. The office produced a 700% ROI in a highly volatile market. Prior to joining idealab!, between 1997 and 1999, Mr. Ishag was a partner at Knowledge Universe, a private equity fund established by Michael Milken and Larry Ellison.

Organization Position Status
Financo, Inc. Special Uk Advisor Current
Knowledge Universe, Inc. Partner Former
Harvard Business School M.B.A. Former
The London School of Economics Law degree Former

Organization Position Status
Financo, Inc. Current
Emory University Bachelors of Arts in Economics concentrating in Finance Former

Evan Morgan joined Financo in 2007. Prior to joining Financo full time, Mr. Morgan spent time as summer analyst with the firm. In addition, Mr. Morgan has also worked in the office of media relations at Goldman Sachs and in the office of Senator Joseph Lieberman. Mr. Morgan graduated from the University of Pennsylvania in May 2007 with BA in Politics, Philosophy and Economics.

Organization Position Status
Financo, Inc. Analyst Current
Goldman, Sachs & Co. Former

Organization Position Status
Financo, Inc. Analyst Current

Gustavo Siman joined Financo in 2006. Prior to joining Financo, Mr. Siman was Commercial Director of St. Jack's Apparel, a leading vertical branded apparel manufacturer and retailer in Latin America, where he was responsible for the company's operations throughout the region. He designed and implemented the division's commercial strategy and annual business plans. His functions included P&L responsibility for the retail division and distribution operations in Latin America, establishment of the global sourcing unit as well as merchandising and licensing. With nine years of experience in the retail and apparel sectors, Mr. Siman also brings significant knowledge of the Latin American markets. Previously, Mr. Siman worked at private equity firm GB Merchant Partners where he evaluated potential investment opportunities, performed valuation analysis, business due diligence and portfolio company projects. Mr. Siman earned a Masters in Business Administration from the Harvard Business School. He graduated with a B.A. summa cum laude in Business Administration with concentration in Textiles from North Carolina State University. Mr. Siman is a Director of the Children's Museum of El Salvador.

Organization Position Status
Financo, Inc. Associate Current
The Children's Museum Director Current
Gb Merchant Partners Former
North Carolina State University B.A. Former

Organization Position Status
Financo, Inc. Analyst Current

Organization Position Status
Financo, Inc. Analyst Current

Organization Position Status
Financo, Inc. Associate Current
Wharton School, University of Pennsylvania Former
University of Pennsylvania Former
Banc of America Securities LLC Former
Wharton Graduate School of the University of Pennsylvania Former
University of Pennsylvania Former

Organization Position Status
Financo, Inc. Analyst Current
Wharton Graduate School of the University of Pennsylvania Former

Lucas Brown joined Financo in 2005. Mr. Brown graduated summa cum laude from The Wharton School at the University of Pennsylvania, where he earned a B.S. in Economics with a concentration in Finance.

Organization Position Status
Financo, Inc. Analyst Current
University of Pennsylvania Former
Wharton Graduate School of the University of Pennsylvania B.S. Former

Organization Position Status
Financo, Inc. Current
University of Pennsylvania Former

Organization Position Status
Financo, Inc. Analyst Current
Federated Merchandising Group Current
The Wharton School of the University of Pennsylvania B.S. Former
Wharton Graduate School of the University of Pennsylvania Former

Organization Position Status
Financo, Inc. Analyst Current
Wharton Graduate School of the University of Pennsylvania Former

Organization Position Status
Financo, Inc. Special Advisor Current
Mothercare Strategic Director Former
University of Oxford Former

Organization Position Status
Financo, Inc. Current
University of Pennsylvania Former

Organization Position Status
Financo, Inc. Analyst Current
Ivy Council Board of Directors Current
Wharton Graduate School of the University of Pennsylvania Former

Organization Position Status
Financo, Inc. Analyst Current
Wharton Graduate School of the University of Pennsylvania Former

Executive News

  • Financo Announces Key Executive Appointment to Head West Coast Operations

    TradingMarkets - 8/28/09 - View Story

  • Financo Announces Key Executive Appointment to Head West Coast Operations

    Street Insider - 8/28/09 - View Story

  • New Director Named for Financo West

    ApparelNews.net - 8/27/09 - View Story

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