Thought Provoking Consulting continues US expansion with Change 4 Growth deal
Retail-focused firm Thought Provoking Consulting (TPC) has invested in US-based Change Management Consulting company Change 4 Growth, formerly known as Sequent Consulting. The move sees London-headquartered TPC continue its expansion into the US consulting market.
American retail boutique consultancy Change 4 Growth (C4G) specialises in Transformational Change. The firm has worked to develop a niche space in the booming transformation market, offering a holistic service, helping clients deal with change at every level within an organisation. This expansive range of services includes organisational change management, culture alignment and engagement, leadership development, training and e-learning and recruitment of staff support. By working to increase performance, results and adoption for any change that businesses may face, the firm has obtained an impressive client list. Among those working with C4G are well-known retail brands such as Abercrombie & Fitch, American Eagle, Chico’s, Eddie Bauer and Ann Taylor.
As businesses in all sectors bid to best utilise new innovations to shave down operating costs, and add value to their production, transformation consulting has become a major source of revenue for consultants. Digital transformation consulting alone now draws an annual revenue of more than $23 billion, while the US management consulting industry remains the largest domestic market of its kind in the world – with revenues now topping $58 billion. These two factors have positioned C4G as an ideal target for consultancies in Europe looking to expand across the Atlantic.
Subsequently, Thought Provoking Consulting Group, a specialist retail consultancy, has completed a deal that sees the firm invest in the US based change management consultancy. Based in the UK, specialist retail consultancy TPC arrived in the US in 2015, and has enjoyed success of its own since establishing an office in Carlsbad, California. Under the leadership of Senior Vice President, Tamara Saucier, the firm is continuing to work to expand its presence in the lucrative market. TPC’s US team has secured work with top US retailers including top US retailers including Saks, Macy's, Nike, Calvin Klein, Tommy Hilfiger and The Home Depot, among others.
Co-Founder of Thought Provoking Consulting, Keith Taylor said of the deal, "This is a very exciting development for both companies. Change 4 Growth has a strong pedigree in organisational change management which we have not previously been able to offer clients. They have an excellent retail customer list and Beth Thomas, their CEO, is a well-known and highly regarded ex-retailer. They have a strong presence in the US and so will strengthen the group’s presence in this market while we can help them expand into the UK and Europe."
Beth Thomas, CEO of Change 4 Growth, added, "I’m so excited to be working with Thought Provoking Consulting to continue to grow our US business as part of the Group. I love their customer centric approach and feel a great cultural fit and believe we are stronger together. The move will allow us to tap into a breadth of retail expertise and help our clients find solutions that are critical in this age in areas such as pricing, promotions, planning, product development and supply chain."
