Apollo-Owned Reno de Medici Taps Adviser to Cut Costs

Italian packaging firm Reno de Medici SpA is working with an operational adviser on a cost-cutting plan in an effort to turn around its operations as it’s grappling with cash burn.

The company, majority-owned by Apollo Global Management Inc., has brought on board Alix Partners LLC, to review its operations and formulate a plan focused on cost cutting and improving efficiency, said people familiar with the matter, who asked not to be identified because they’re not authorized to speak publicly.