Buage_@piefed.social to Lemmy Shitpost@lemmy.worldEnglish · edit-216 days agosmart ☝️🤓media.piefed.socialimagemessage-square48fedilinkarrow-up1703
arrow-up1703imagesmart ☝️🤓media.piefed.socialBuage_@piefed.social to Lemmy Shitpost@lemmy.worldEnglish · edit-216 days agomessage-square48fedilink
minus-squareSeaguy05@lemmy.worldlinkfedilinkarrow-up23·15 days agoIsn’t this the exact plan for all private equity acquisitions. The most recent one coming to mind was the fabric store Joann’s. PE came in bought the company, saddled it with their debt used to buy it, strip mined it, and then declared bankruptcy.
Isn’t this the exact plan for all private equity acquisitions. The most recent one coming to mind was the fabric store Joann’s. PE came in bought the company, saddled it with their debt used to buy it, strip mined it, and then declared bankruptcy.