Leveraged buyouts (vulture capital) is almost always an example of ... well, vultures.
The company is already walking dead; they're just feasting on the corpse. Left alone they'd peter out faster.
The company is already walking dead; they're just feasting on the corpse. Left alone they'd peter out faster.
Is that actually true, or just a story used to justify the bad actions? There are a lot of meme-stories like the latter, floating to justify all kinds of money-making behavior. People with money have the resources to plant them.
One way to tell is if the company does not emerge from bankruptcy but instead liquidates - it was probably already dead.
I would say it's even the thesis of the article. Joann Fabrics was a healthy company with customer demand and zero debt and was basically assassinated by a leveraged buyout.