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Silent Type

(12,412 posts)

6. Companies on the verge of failure resort to PE. Toys-R-Us turned to PE when its debt was downgraded and they

Reply to Stargazer99 (Original post)

Fri Jul 4, 2025, 12:59 PM

Jul 2025

had only one funding source left-- PE.

Their options were close immedately and fire eveyone.

Or, take their last shot by turning to loan sharks. It worked for 5 more years and employees kept their job. I think that was best option, though failure was inevitable, it was just when.

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Highlight:

Our Rite Aid pharmacy just closed - when I read that Private Equity bought Rite Aid I told in a little while it will be [View all] Stargazer99 Jul 2025 OP

One just a short drive from us closed. It was probably there for more than 40 years. nt eppur_se_muova Jul 2025 #1

I loved the one in our neighborhood bif Jul 2025 #3

Same here. They're directly across the street from Walgreen's. That's right, two drugstores at the same intersection. eppur_se_muova Jul 2025 #7

It has recently struck me that Diamond_Dog Jul 2025 #2

He meant the billionaires. Not the rest of us. n/t CousinIT Jul 2025 #5

Guess who's running Social Security right now? Private equity. Frank Bisignano. CousinIT Jul 2025 #4

Companies on the verge of failure resort to PE. Toys-R-Us turned to PE when its debt was downgraded and they Silent Type Jul 2025 #6

Our local Rite Aid, centrally located in a poor community haele Jul 2025 #8

We just lost our Rite-Aid as well. jmbar2 Jul 2025 #9

Ours closed, but it's just been reported a company named Kinney Drugs, which is apparently employee owned, is buying it. Vinca Jul 2025 #10

Rite Aid has been on life support for over a decade WSHazel Jul 2025 #11

great opportunity for local pharmacists cadoman Jul 2025 #12

I think the problem for Rite Aid was those opioid lawsuits JI7 Jul 2025 #13

It's an old, old story. MineralMan Jul 2025 #14