Monro Inc. Extends AlixPartners Consulting Engagement for Operational Improvement Plan
Monro, Inc. has announced an amendment to their consulting agreement with AlixPartners, LLP, extending their collaboration until November 1, 2025. As part of this extension, Monro will pay AlixPartners an aggregate fee of $6.4 million. The services outlined in this agreement include improvements in store operations, selling effectiveness, marketing, pricing, merchandising, inventory management, and customer segmentation. This amendment is part of Monro's ongoing operational improvement plan. The company's President and CEO, Peter Fitzsimmons, who is also a partner and managing director at AlixPartners, is involved in this initiative. Monro plans to file the amendment as an exhibit in its upcoming Quarterly Report on Form 10-Q.
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