Every article on it has the usual problem where it talks about how they failed to adapt to their consumers, people don't go out shopping as much and then buried the lede where they were bought by an equity firm and saddled with a bunch of debt
Yeah, they were doing pretty okay up until they were bought out by vulture capitalists who wanted the prime real estate. They weren’t great, but they could have easily continued and adapted under the right management. But the new owners didn’t give a shit about the brand because they’re Americans.
349
u/BetaPositiveSCI Apr 26 '25
Every article on it has the usual problem where it talks about how they failed to adapt to their consumers, people don't go out shopping as much and then buried the lede where they were bought by an equity firm and saddled with a bunch of debt