• OminousOrange@lemmy.ca
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    4 days ago

    That’s the thing, the PE firm already sold the major assets (the real estate) to themselves and leased it back to HBC. It’s their standard playbook.

    • CompactFlax@discuss.tchncs.de
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      4 days ago

      Exactly; the money is there but the PE leeches get to keep it all. “But bankruptcy” get the money or put the principals in prison, and work down the investor list.