Hudson’s Bay Company, Canada’s oldest retailer, didn’t die of natural causes — it was gutted by private equity. Stripped of assets and loaded with debt, it leaves behind job losses, endangered pensions, and a hollowed-out legacy reduced to branding rights.
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.