Wednesday, October 23, 2019
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Private equity vs pirate equity? in retail groups…

private equity-pirate - retail groups - DNMAG

Retail groups : Private equity vs pirate equity?

A new report by two consumer advocate groups blames the rash of chain-store failures in the US on the fact that the majority of them were owned by private equity firms and hedge funds. It notes that 10 of the 14 largest retail bankruptcies since 2012 were owned by private equity and says these owners are responsible for the loss of 597,000 retail jobs and 728,00 jobs indirectly related to retail in the last decade. A private equity trade group responded saying that the report is biased and untrue.

 

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Private equity vs pirate equity? in retail groups…
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