The American restaurant and bar recently filed for bankruptcy. Minneapolis-based Carlson had owned the brand for 40 years before selling it to a private equity firm in 2014.
owned the brand for 40 years before selling it to a private equity firm in 2014.
Looks like a decade on the dot. Whatever loopholes these equity firms are using to strip these businesses of all value and saddle them with debt, while not being responsible for said debt needs to be closed. They’ll sell out your entire town to make a buck and not give a damn what it does to you.
Looks like a decade on the dot. Whatever loopholes these equity firms are using to strip these businesses of all value and saddle them with debt, while not being responsible for said debt needs to be closed. They’ll sell out your entire town to make a buck and not give a damn what it does to you.