In 1989, Mitchell Gold and Bob Williams founded a furniture store bearing their names. The company became an American success story until last month, when the company went bankrupt. Now, $50 million in customer deposits have vanished. Brook Silva-Braga has the story.
#news #furniture #bankruptcy
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Their prices were absurd
Sad
God bless them.
Woo hoo!!! …way to put your own people out of work, Biden!!!
the minute i heard private equity, i knew the reason.
This is what happen when a civilization never fought for this kind of rights. In France if this scenario happen and if you work in a company at least 2 years you would get lots of money. About 15K for 2 years experience. Imagine for more years. I got a friend he was working in a company for 15 years and got 100K.
I do believe in capitalism but it must be regulated or greed and evil within it will prevail.
Killed by private equity, just like Toys’R’Us.
It’s laughable to blame PNC, even partially for this. This is a case of terrible mismanagement. Nevertheless, America as a whole, is on the decline. Her world stage dominance days are numbered.
Her arms are…..
😂😂😂 OMG is that thing reading the news a man
This is the reason why workers joined UNIONS. Of all the big talks with fancy words – none want to talk about the worker's gone severances.
Mitchell and Bob got their millions.. please be clear here.
This is the American dream, ain't it? Steal hard working people blind and walk into the sunset.
"Stylish, pricey, American made"..WAIT…PRICEY? Pricey is a feature now?
Its best to be careful at this time. What will happen to the economy and markets remains a mystery. There seems to be more negative portfolios this 2nd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Private equity firms destroy economies. They're just parasites. I've seen this nonsense before in other places.
When you hand your company over to someone that doesn't have the love and passion that you had when you started the company what do you expect?
Come on guys open your eyes companies are getting insanley greedy are willing to destroy small companies and this is the problem now they want profits and dont care abput the emplpyees
Private Equity is all I need to hear!! Same thing happened to Quiznos!
Seems as an incompetent CEO choice led disaster.