Basically, the company had to pay for its own buyout when private equity firms KKL, Vornado, and Bain bought the company for $6.6 billion, mostly with loans.

Because the company then had to pay off those extreme loans, they were forced to sell off their assets and property, which they leased back from the very private equity firms that now owned them.

The same thing happened more recently with Red Lobster and JoAnn Fabrics.

  • DarkAri@lemmy.blahaj.zone
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    5 days ago

    Just basing it on my own experience. I already knew they were going to go out of business even as a kid because they were the most expensive option in the market and the parking lots were always empty. This is when I was a kid though, like 20+ years ago.

    • Bo7a@lemmy.ca
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      5 days ago

      This logic in infuriating. You had sourced reasons, and ongoing discussion, but you decided to put forth a baseless theory that attempts to disprove the discussion and studied facts based on your feelings as a child 20+ years ago?

      Jesus fuck… Why?

        • Bo7a@lemmy.ca
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          5 days ago

          I think the real reason they died

          Then you may want to rewrite this part. Because what I understood was essentially the same as:

          Coroner: Gunshot wound in the back of the head. Here is the blood, there is the exit wound. and this is a bullet fragment.

          Ari: I think the real reason they died is how they were pricing their labour

          Bota: Are you for fuckin’ real right now?

          • DarkAri@lemmy.blahaj.zone
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            4 days ago

            You are arguing with a straw man because now you are just making up stuff to get mad at and argue about. Those are your words not mine.

            • Bo7a@lemmy.ca
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              4 days ago

              That was a direct copy paste from your comment. You fucking lying piece of shit.

              • DarkAri@lemmy.blahaj.zone
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                4 days ago

                I never said they died because of how they were pricing their labor. You are the liar if you had any sense of irony to think before you said something. I said they died because they were expensive, and that I wasnt aware of their modern problems, but when I was a kid people didn’t shop there because they were the most expensive option. That has very little to do with labor costs btw since selling toys is a high margin business.

                • Bo7a@lemmy.ca
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                  4 days ago

                  I directly quoted what you said and then created an analogy to explain what I took from your words. Keep blabbing on. I’m not going to fucking reply again. You are a goddamn idiot.

                  • DarkAri@lemmy.blahaj.zone
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                    4 days ago

                    If I’m an idiot then why are you mistaking me for someone else? Sounds like you are the idiot to me.