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?
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.
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?
Count me curious
Apparently it went okay for Hilton, or great actually but I believe that was really rare
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.