Admiral Beez
Superstar
My guess is that MEC is dead and gone before the end of the decade. There's only one reason equity firms buy iconic yet struggling retailers; that's to use the retailer as leverage to borrow money, and then when the husk of MEC has no more equity to strip, it's closed or sold on. That's ToysR US and many others' story.
They didn't buy MEC to rescue a brand and see it to a profitable and sustainable future. Private equity firms need fast ROI, so buy it cheap, strip out and liquidate anything that can be sold, dump the shell.
Opinion | Toys R Us bankruptcy leaves thousands unemployed as vulture capitalists cash in
Vulture capitalists need to know that threatening America’s working-class communities will be met with consequences.
www.nbcnews.com
They didn't buy MEC to rescue a brand and see it to a profitable and sustainable future. Private equity firms need fast ROI, so buy it cheap, strip out and liquidate anything that can be sold, dump the shell.