December 20, 2016
Marcum Partner Ronald Friedman Wins 2016 Apparel Industry Award
New York City, NY – Ronald Friedman, an Assurance Services partner at Marcum LLP, was honored as Professional Service Provider of the Year at the Los Angeles Business Journal 2016 Fashion Awards on November 30. Mr. Friedman is co-leader of Marcum's national Retail & Consumer Products Practice group.
The annual awards program recognizes the top apparel industry companies that drive economic growth in the Los Angeles region and make Southern California a major force in the business of fashion. "We celebrate the outstanding work performed by the remarkable individuals and companies that make up one of the most exciting and dynamic sectors of industry today - the apparel industry," said the L.A. Business Journal's President & Publisher, Matthew A. Toledo. "It should be noted that each of the finalists and honorees featured in these pages has played a key role, not only in the success of the apparel industry, but in the success of the Los Angeles economy as a whole."
Based in Marcum's Los Angeles office, Mr. Friedman provides consulting services for closely held and emerging businesses in the apparel, manufacturing, distribution and retail industries. His expertise includes forecasting and budgeting, profit enhancement, succession planning, exit strategies, preparation for sale or acquisition of a business, assistance in procuring financing, and workout and reorganization consulting. Mr. Friedman frequently serves as an expert witness in apparel industry cases ranging from valuations to partner disputes, and is quoted often in the national business and trade media.
Mr. Friedman shared the evening with several clients who also were nominated for Fashion Awards this year. One, John Elliott, won in the Rising Brand category.
Mr. Friedman said, "I have spent the last 40 years serving the apparel and consumer products industry. I have seen tax rates as high as 70% and as low as 28%. I have seen interest rates ranging from today's historic lows to highs of 20%-plus. No matter what, there is always one constant: consumers will spend, and manufacturers and retailers will adapt in order to capture as much of that spend as possible. Apparel is not for sissies. I always tell my clients that if they're not prepared to adapt and they’re not having fun doing it, they should do something else. That's why I'm still here - I love the industry."
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity funds and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services.