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.

    • 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.