BDO enters strategic partnership with Shopworks
Accountancy and business advisory firm BDO has entered into a strategic partnership with international retail consultancy Shopworks. The move aims to improve the financial, operational, and strategic performance of both parties’ consumer markets clients.
Tim Foster, partner at BDO, said, "I am very excited by the opportunity our strategic partnership with Shopworks creates. The increasing accessibility of data provides a significant opportunity to guide clients to utilise their own data more effectively and integrate it with existing external data to enhance decision making at both operational and strategic levels. This partnership will broaden the scope and depth of the advisory services we can offer and complements the important work we are already engaged in within this area."
Shopworks is a consulting firm specialising in clients in the retail sector. The company’s solutions and processes are designed to increase performance, by optimising the elements that shape shopper behaviour in the physical retail environment, using insights and data tools.
It is a segment BDO is also well versed in. The firm provides a wide range of professional services, predominantly to mid-sized, high growth businesses – including retailers – via its 18 UK offices and its comprehensive global network spanning 166 countries.
The new partnership enables both entities to harness their respective expertise and capabilities to deliver commercial analysis and accounting services to clients in consumer markets, including sectors such as retail, hospitality, and leisure. At the same time, the two firms will establish a centre of excellence to offer a comprehensive range of commercial advisory services to clients, thereby enhancing access to retail and commercial management expertise at both domestic and international levels.
Craig Phillipson, managing director of Shopworks, added, “We are delighted to be working with leading accountancy and business advisory firm BDO. Their experience and knowledge will help us to jointly deliver better solutions for all of our collective clients. We are excited to get started.”
