Everyone likes to claim that private equity firms strip their acquisitions down to the bone and ruin them. That is not an entirely unfair criticism. However, Fr

Everyone likes to claim that private equity firms strip their acquisitions down to the bone and ruin them. That is not an entirely unfair criticism. However, Fry's likely could have been saved by a smart, private equity-led operator, or, at least extended its life. Instead, it was family-run, in an increasingly challenging retail environment, all the executives last names are still "Fry." And now everybody loses: the owners, the employees, the customers, the landlords, the suppliers...