A private equity firm fucked up running a 188-year-old department store chain, which had survived two world wars and the Great Depression.
So now low-paid retail workers are being told that they’ll lose their jobs just weeks before Christmas.
https://www.abc.net.au/news/2026-11-11/david-jones-to-close-stores/107372854



Agreed - every time I have been involved with a company sold to private equity, and unfortunately that’s twice. Over a short span of years they squeeze what they can and then run it into the ground. Look at Ed Lampert who tanked Sears for the real estate value.