Find more information on the issues deeply affected by private equity investments:
Last week, the Private Equity Stakeholder Project and United Food and Commercial Workers Union (UFCW) Local 400 released a report, “Private Equity’s Biggest Retail Gamble: Albertsons-Safeway” that looks at Cerberus Capital Management’s ownership of Albertsons-Safeway, the largest private equity-owned…
Full report available here. Over the past decade, more than 1.3 million people have lost their jobs due to trouble or bankruptcies at retail companies owned by private equity and hedge funds, according to a new study released…
Entertainment writers and the Writers Guild of America have recently sought to end conflicts of interest by imposing a code of conduct on major talent agencies that represent writers. The largest talent agencies – Endeavor (formerly known as WME IMG)…
Last week, dozens of Sears and Kmart employees sent a letter to the hedge funds and other creditors that control Sears and are driving the retailer’s bankruptcy reorganization. Following the lead of Toys ‘R’ Us workers, who recently won…
When Toys ‘R’ Us shut down earlier this year, 33,000 workers lost their jobs. Now, two of the company’s former owners and creditors, KKR and Bain Capital, have contributed $20 million to a fund to support laid off Toys…
In October, the New York Times highlighted the efforts of fired Toys “R” Us workers to win a hardship fund from the financial firms that took Toys “R” Us into bankruptcy and liquidation as part of a broader story on…
Last Monday, dozens of Toys “R” Us employees from around the country visited KKR, Bain Capital, and Vornado’s offices in New York City. Private equity firms KKR and Bain Capital and real estate firm Vornado took $464…
Retail chain Toys “R” Us recently began liquidation, closing 800 stores and laying off 33,000 employees.[i] Toys “R” Us collapsed under more than $5 billion in debt piled on by private equity firms KKR and Bain Capital and…
Private equity firms KKR and Bain Capital, and real estate firm Vornado Realty Trust last year took retailer Toys “R” Us into bankruptcy. The retailer recently announced it is liquidating, closing all of its stores and laying off its…
