Find more information on the issues deeply affected by private equity investments:
In October 2022, grocery giant Kroger announced plans to buy Albertsons for $24.6 billion.[1] In addition to profiting from the sale, Albertsons announced an additional payout to investors for November 7th that is not contingent on federal approval.
A delegation of workers from the Refresco bottling plant in New Jersey delivered petitions last week to the corporate headquarters of KKR, the private-equity firm that owns a majority stake in their company. Workers traveled to…
In March 2019, the private equity firm Blackstone Group’s Core Equity Partners Fund acquired SERVPRO, a disaster restoration company with headquarters in Tennessee, for $1 billion.[i] “We look forward to working with SERVPRO and its franchisees…
Cesar Moreira has been working at Refresco for eight years and is currently a member of his union’s Bargaining Committee. He is originally from Ecuador. He works in the Blend Room and helps make the drinks that are bottled and…
For the past two years, Kohl’s has been embroiled in proxy fights with the hedge fund Macellum Advisors. Macellum proposed an alternate slate of directors before the 2022 Annual Meeting, and…
“What we’re seeing is a fundamental transformation of the fishing industry,” said Seth Macinko, a former fisherman and professor at the University of Rhode Island. “Labor is getting squeezed and coastal communities are paying the price.”…
At the recent Labor Notes conference in Chicago, The Private Equity Stakeholder Project hosted a panel on organizing against private equity featuring researchers from PESP and workers from companies owned by private equity firms, representing the retail, manufacturing,…
The private equity firm KKR recently acquired a majority stake in Refresco, the world’s largest independent bottling company. Refresco produces beverages such as BodyArmor Sports Drink for Coca-Cola, Gatorade for Pepsi, Arizona Iced Tea, and Tropicana…
Thai workers have won the largest wage-theft settlement at a garment factory after a year-long campaign supported by international labor rights advocates. The Solidarity Center and the Worker Rights Consortium (WRC) announced…
Last week Kohl’s shareholders rejected a bid from activist investors to take over the board, voting to leave the company’s board of directors intact. Earlier this year private equity firms Sycamore Partners and Leonard Green & Partners made offers…
Private Equity Stakeholder Project Jim Baker was a recent guest on Nick Hanauer’s Pitchfork Economics podcast. Pitchfork Economics’ host Hanauer interviews economic and political thinkers in an exploration of society’s growing inequality. Baker explained the private equity’s growth and the…
A collaboration between EPI and the Shift Project, The Company Wage Tracker looks at 66 large retail and foodservice firms and shows how many workers the firms employ, how much revenue they generate in U.S. operations, how much their CEOs…
