The private equity playbook is to buy a company, cut employees and costs, load the company with debt, take out the cash, and sell the weakened company.
The private equity playbook is to buy a company, cut employees and costs, load the company with debt, take out the cash, and sell the weakened company.
Or, declare bankruptcy.
The debt they went into to buy the company.
Let the enshittification commence!
It’s what Walgreens already did to become as “dominant” as they are
Joann