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[–] 86 points 1 year ago (4 children)

It bears asking at this point, given the revelations of recent years concerning private equity firms: were Rite Aid's "financial struggles" the result of poor management, adaptation to changing market trends, etc., or were they purchased and eaten from the inside out like a cow that fell into a piranha-infested river?

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  • [–] 3 points 1 year ago (1 child)

    Count me curious

    Apparently it went okay for Hilton, or great actually but I believe that was really rare

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  • Maybe hotels are immune, given that they're full of drunk and/or sleeping businesspeople instead of piranhas. Wasn't aware of that case, I'll add it to the shortlist of exceptions to the rule of private equity destroying everything in its path.

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