Find more information on the issues deeply affected by private equity investments:
Sycamore Partners has ignored multiple messages since November 2022 from Private Equity Stakeholder Project and worker organizations requesting a meeting to discuss how they can improve conditions for the workers they employ and those in their supply chain.
The Department of Labor (DOL) has recently launched investigations into at least two private equity-owned companies that have employed children in dangerous working conditions: Packers Sanitation Services (PSSI), owned by Blackstone, and Hearthside Food Solutions, owned by Charlesbank Capital and…
Workers from the Refresco bottling plant in Wharton, NJ, attempted to bring their concerns about conditions in their plant to the corporate headquarters of private equity firm KKR today. It was the second attempt…
In coalition with more than 20 other organizations, the Private Equity Stakeholder Project (PESP) and the Interfaith Center on Corporate Responsibility (ICCR) sent an investor letter to private equity firm Blackstone Friday, February…
PESP sent an alert in December detailing how Sycamore Partners’ strategy has hurt workers and generated poor returns for investors. Since November, Sycamore Partners has ignored multiple messages requesting a meeting to discuss how it can improve…
We stand in strong opposition to Atlanta’s Cop City and the violent tactics Atlanta-area law enforcement took against protesters of the environmentally-hazardous training facility. The killing of 26-year-old activist Manuel Esteban Paez Terán…
Private equity firm Cerberus Capital management is providing the world with yet another example of how the past year’s record inflation has been largely caused by corporate greed and excessive profits. On January 17, the Washington…
Private equity firms and the companies they own come in contact with students, teachers, administrators, and families in a variety of ways in the education sector. With the power to create educational content and administer tests, hire school staff, manage…
In October 2022, grocery giant Kroger announced plans to buy competitor Albertsons for $24.6 billion. Albertsons announced an additional $4 billion dividend payout to investors, which would primarily go to a group of private equity and…
Sycamore Partners recently formed its new buyout fund and will likely be fundraising again in early 2023. We have reached out to Sycamore Partners multiple times to discuss how they can improve conditions for the workers they employ and those…
Jose Rivera, the Chief Boiler Operator at Refresco’s Wharton, NJ, plant and a member of his union’s contract negotiating committee, and Cesar Moreira, also a Refresco worker in the blend room and a member of his bargaining committee, joined with…
Earlier this month, a US District Court judge in Nebraska granted an injunction sought by the US Department of Labor to halt alleged “oppressive child labor” by Packers Sanitation Services Inc (PSSI)[1], a cleaning company owned by private…
