r/SipsTea • u/SEVENS_HEAVEN_7 • 13h ago

SMH They suck the joy out of everything

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u/AvantGuardb 13h ago edited 13h ago

private equity... killed Toyrus, Claire's, Sears, Kmart, Payless, Sports Authority, Joann, Forever 21, Radioshack, TGI Fridays, lots of hospitals, etc....

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u/dreamwinder 12h ago

I’m really not sure what’s worse: that we wrote antitrust laws a century ago and now refuse to enforce them, or that nowhere in the same time period did we try to make private equity illegal.

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u/livefreeordont 9h ago

McDonald’s isn’t owned by private equity and a lot of those companies were failing before private equity sucked the soul out of what was left

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u/dirk_funk 8h ago

i saw an paper ad for Toys R Us from the 80s, they were open until Midnight almost every night!

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u/No-Version-805 11h ago

to be fair- they were already failing. radio shack fro example, was almost bankrupt. turns out- diy electronics, and designing your own products, is pretty expensive, and doesn't have that large of a market. so, they moved to consumer electronics- and turns out, there are a lot of other consumer electronics stores.

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u/Shot-Arugula8264 9h ago

Private equity has never owned McDonalds or Hot Wheels.

And why would the equity being private be any different than it being public? You think public companies care less about profit?