Herve Giaoui

Engages in home equipment retailing

Develops, leases and manages properties

Acts as an alternative investment manager

Manufactures brushes and other toiletries

Retails household products which includes furniture, appliances and furnishings

Investment holding company

Operates as a holding company with interest in real estate services

GMSI is a pro-active investment manager focused on special situations such as underperforming companies, turnarounds and near-bankruptcies. The firm invests across sectors in small and medium-sized unlisted companies. Their investment approach emphasizes reactivity and their extensive company restructuration expertise. They primarily target French companies, including those with international subsidiaries. GMSI takes over distressed companies, often acquiring the entire share capital. The firm's turnaround strategy aims primarily at reducing production costs. They focus on customer value creation and streamline operations, overhauling the organizational, commercial and financial structure of their portfolio companies. They aim to cut production costs while limiting the impact on the workforce. They take control of the board and bring in outside expertise to reinforce management.