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Comment on Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering 'extreme bargains'

RangerJosie@lemmy.world ⁨1⁩ ⁨week⁩ ago

Yeah. Selling to private equity decidedly kills the idea of “extreme bargains”

They will milk the brand for all they can as fast as they can for as long as they can then part it out and sell it off. They’re vultures.

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henfredemars@infosec.pub ⁨1⁩ ⁨week⁩ ago
When does private equity actually add value these days? I can only recall them as some sort of nebulous vampiric entity that sucks up value.

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- RangerJosie@lemmy.world ⁨1⁩ ⁨week⁩ ago
  Perfect analogy.
  
  They’re leeches.
  
  Company gets in trouble. They buy it for cheap. Suck it dry. Discard the corpse.
  
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- Tramort@programming.dev ⁨1⁩ ⁨week⁩ ago
  They are the vampire squid wrapped around the head of the American economy, repeatedly thrusting their blood funnel into its face.
  
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  - pdxfed@lemmy.world ⁨1⁩ ⁨week⁩ ago
    Thanks Taibbi
    
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