#PrivateEquity,#JoannFabrics,
Friendly reminder that Joann Fabrics isn’t closing because it’s a bad business. It’s closing bc it was bought by a private equity firm. This is also what is happening to Hooters and what happened to US Toys R Us and Red Lobster. These companies are being dismantled intentionally.
February 27, 2025 at 5:41 PM