The stitch It Group (Stitch It) is a mall-based clothing alteration business service. Having previously sold down to its current owners in 1990 (retaining the Chief Executive Officer (CEO) position), the founder and CEO with an opportunity in 2003, was presented to buy back the company. After originally sold the business because he was too short of money to grow it yourself, was down since it had three stores to 84 stores under three brand names in Canada and the University of distributed grown … Read more »

The stitch It Group (Stitch It) is a mall-based clothing alteration business service. Having previously sold down to its current owners in 1990 (retaining the Chief Executive Officer (CEO) position), the founder and CEO with an opportunity in 2003, was presented to buy back the company. After originally sold the business because he was too short of money to grow it yourself, Stitch It had grown three branches since spread to 84 stores under three brand names in Canada and the United States. To determine whether to buy back the company he founded, the founder and CEO also necessary to his daughter Jennifer expressed interest to consider an executive in the company. How would he provide Jennifer with the right technical training to become familiar with all aspects of the company know the business and improve their business acumen and leadership skills? The founder and CEO had a week to inform the owner of its intention to buy, and he felt it was a good deal if you. Opportunity for growth Even if the founder and CEO decided to buy back his company, he wondered how Jennifer train to take over the business one day.
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from
Ken marks
David Simpson
Source: Ivey Publishing
5 pages.
Release Date: 17 March 2009. Prod #: 909M22-PDF-ENG
Stitch It Group Inc. HBR case solution