Retail News

Grocery operator set up to fail by private equity firm

Bloomberg 11/10/2017

Lone Star Funds, which initially acquired Bi-Lo in 2005, has followed the private equity practice of loading the grocery business up with debt while using the money it borrowed to pay itself. The result is that Bi-Lo Holdings, which includes its namesake chain, Winn-Dixie and others, is on the verge of default.

 

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