Ian Fredericks: CEO Hilco Global Capital Solutions

Why do some iconic businesses survive disruption while others disappear forever?

In this episode James H Stewart sits down with Ian Fredericks, CEO of Capital Solutions (Americas) at Hilco Global, Global Head of Data & Innovation, and one of the world's leading experts in corporate restructuring, distressed investing and retail turnarounds.

Having advised on some of the largest retail restructurings in the United States, Ian provides a rare insider's perspective on what really happened behind the collapses of Circuit City and Toys "R" Us, and why many great companies fail long before they run out of money.

The conversation explores the warning signs of corporate distress, the impact of leveraged buyouts, how investors identify businesses worth saving, the explosive growth of private credit, and how artificial intelligence is reshaping the future of retail.

Ian also reflects on his own journey—from restructuring lawyer to global business leader—and the lessons he's learned from helping businesses navigate their toughest moments.

In this episode we discuss:

• Why Circuit City and Toys "R" Us ultimately failed

• The role debt plays in corporate collapse

• What turnaround investors look for in distressed businesses

• The changing dynamics of the U.S. retail market

• How Amazon, Temu and Shein are reshaping consumer behaviour

• The rapid rise of private credit and what it means for business