Thread: Changes on the High Street
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Old 03-12-2020, 23:38   #705
1andrew1
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Re: Changes on the High Street
Quote:
Originally Posted by TheDaddy View Post
You don't think it's got any thing to do with private equity getting their grubby paws on it, asset stripping and loading it with debt, they went from owning all their stores before they arrived to having to pay rent on them all once those vultures had picked it clean. I believe such shoddy practices have been legislated against as it can't be right thousands of people lose their jobs so a few people can be further enriched however given how these shysters like to get in with politicians how much teeth the legislation has remains to be seen.
I agree that private equity severely crippled the business helping its demise. But there's no legislation planned to stop a retailer selling its freeholds or being over-burdened with debt.

Selling off the freeholds is exactly what Kingfisher did with Woolworths before it demerged the company.
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