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Ivona Butcher
Co-CEO of Bayeret and former Kellogg MBA who acquired an exhibition services business in the Czech Republic, navigated COVID revenue collapse to zero, renegotiated financing, and grew the company substantially afterward.
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Oct 23, 2025
• 1h 35min
From €4 Million, to Zero, to €12 Million
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Ivona Butcher, Co-CEO of Bayeret and former Kellogg MBA, shares her inspiring journey from acquiring a business in the Czech Republic to facing a total revenue collapse during COVID-19. She discusses the challenges of operating in a post-Soviet culture and pivoting to virtual events to keep her staff employed. Ivona highlights her aggressive strategies in negotiating with banks, successfully buying back a seller note, and ultimately tripling revenue and doubling EBITDA post-crisis. Her insights on entrepreneurship alongside her husband offer valuable lessons for aspiring business owners.
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