jonb2 Posted January 31 Share Posted January 31 (edited) 1 hour ago, cbathpc said: It's incredible. How does a business like that go pop? It seems so safe and secure, what on earth are they doing with the money? Private equity. Take it over, load it with debt then dump it when you've extracted the last cent. Lloydspharmacy confirms 'successful sale' of all community pharmacies | Chemist+Druggist :: C+D https://www.chemistanddruggist.co.uk/CD137469/Lloydspharmacy-confirms-successful-sale-of-all-community-pharmacies There are quite a few of our traditional companies with PE investment. Prepare for the rout.. Best of 2023: Is private equity ownership slowly killing retail? - Retail Gazette https://www.retailgazette.co.uk/blog/2023/12/private-equity-killing-retail/ 12 Private Equity Firms in the Retail Industry | BitsForDigits https://www.bitsfordigits.com/pe-funds/retail-industry-private-equity-firms Edited January 31 by jonb2 Quote Link to comment Share on other sites More sharing options...
burk Posted January 31 Share Posted January 31 6 hours ago, jonb2 said: Private equity. Take it over, load it with debt then dump it when you've extracted the last cent. Lloydspharmacy confirms 'successful sale' of all community pharmacies | Chemist+Druggist :: C+D https://www.chemistanddruggist.co.uk/CD137469/Lloydspharmacy-confirms-successful-sale-of-all-community-pharmacies There are quite a few of our traditional companies with PE investment. Prepare for the rout.. Best of 2023: Is private equity ownership slowly killing retail? - Retail Gazette https://www.retailgazette.co.uk/blog/2023/12/private-equity-killing-retail/ 12 Private Equity Firms in the Retail Industry | BitsForDigits https://www.bitsfordigits.com/pe-funds/retail-industry-private-equity-firms Yep thought that was the case, same thing happened to the AA, went from healthy to debt-ridden basket case within a few years of being bought by PE.. Quote Link to comment Share on other sites More sharing options...
burk Posted January 31 Share Posted January 31 6 hours ago, jonb2 said: Private equity. Take it over, load it with debt then dump it when you've extracted the last cent. Lloydspharmacy confirms 'successful sale' of all community pharmacies | Chemist+Druggist :: C+D https://www.chemistanddruggist.co.uk/CD137469/Lloydspharmacy-confirms-successful-sale-of-all-community-pharmacies There are quite a few of our traditional companies with PE investment. Prepare for the rout.. Best of 2023: Is private equity ownership slowly killing retail? - Retail Gazette https://www.retailgazette.co.uk/blog/2023/12/private-equity-killing-retail/ 12 Private Equity Firms in the Retail Industry | BitsForDigits https://www.bitsfordigits.com/pe-funds/retail-industry-private-equity-firms Yep thought that was the case, same thing happened to the AA, went from healthy to debt-ridden basket case within a few years of being bought by PE.. Quote Link to comment Share on other sites More sharing options...
burk Posted January 31 Share Posted January 31 6 hours ago, jonb2 said: Private equity. Take it over, load it with debt then dump it when you've extracted the last cent. Lloydspharmacy confirms 'successful sale' of all community pharmacies | Chemist+Druggist :: C+D https://www.chemistanddruggist.co.uk/CD137469/Lloydspharmacy-confirms-successful-sale-of-all-community-pharmacies There are quite a few of our traditional companies with PE investment. Prepare for the rout.. Best of 2023: Is private equity ownership slowly killing retail? - Retail Gazette https://www.retailgazette.co.uk/blog/2023/12/private-equity-killing-retail/ 12 Private Equity Firms in the Retail Industry | BitsForDigits https://www.bitsfordigits.com/pe-funds/retail-industry-private-equity-firms Yep thought that was the case, same thing happened to the AA, went from healthy to debt-ridden basket case within a few years of being bought by PE.. Quote Link to comment Share on other sites More sharing options...
burk Posted January 31 Share Posted January 31 6 hours ago, jonb2 said: Private equity. Take it over, load it with debt then dump it when you've extracted the last cent. Lloydspharmacy confirms 'successful sale' of all community pharmacies | Chemist+Druggist :: C+D https://www.chemistanddruggist.co.uk/CD137469/Lloydspharmacy-confirms-successful-sale-of-all-community-pharmacies There are quite a few of our traditional companies with PE investment. Prepare for the rout.. Best of 2023: Is private equity ownership slowly killing retail? - Retail Gazette https://www.retailgazette.co.uk/blog/2023/12/private-equity-killing-retail/ 12 Private Equity Firms in the Retail Industry | BitsForDigits https://www.bitsfordigits.com/pe-funds/retail-industry-private-equity-firms Yep thought that was the case, same thing happened to the AA, went from healthy to debt-ridden basket case within a few years of being bought by PE. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 31 Share Posted January 31 4 minutes ago, burk said: Yep thought that was the case, same thing happened to the AA, went from healthy to debt-ridden basket case within a few years of being bought by PE. Morrisons is now PE owned......not improved customer or staff experience......just got worse. Quote Link to comment Share on other sites More sharing options...
jonb2 Posted January 31 Share Posted January 31 2 hours ago, winkie said: Morrisons is now PE owned......not improved customer or staff experience......just got worse. Yup Winkie. Asda too. It's criminal what's happening to this country. The financialization of all our lives. Asda co-owner faces MPs’ questions over private equity takeover https://www.fnlondon.com/articles/asda-co-owner-faces-round-two-with-mps-private-equity-takeover-20231219 Quote Link to comment Share on other sites More sharing options...
Jolly Roger Posted January 31 Share Posted January 31 A bitter pill to swallow, but debtors are gonna have to take the medicine sooner or later. Quote Link to comment Share on other sites More sharing options...
msi Posted January 31 Share Posted January 31 33 minutes ago, Jolly Roger said: A bitter pill to swallow, but debtors are gonna have to take the medicine sooner or later. Let's hope its in suppository form... Quote Link to comment Share on other sites More sharing options...
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