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No need to speculate, the article clearly outlines the reason behind all of this - it was an FTC mandate that failed.
by happyopossum 4y ago
No need to speculate, the article clearly outlines the reason behind all of this - it was an FTC mandate that failed.
- specialist 4y agoArticle quotes Haggen's blame. I'm quoting my friend who was CFO for a regional chain. Stuffing Labor is just as loathsome as private equity stuffing all other stake holders. Though I'm certain Labor suffered during the last debacle, I'd accept that it was just a happy side effect and not the primary motivator. Prior covert Union busting is worth noting given the corptocracy's current well publicized jihad against Labor.
- dendrite9 4y agoThe Haggen's purchase of the other stores was paid for by selling the real estate of a number of the stores, then leasing. https://www.seattletimes.com/business/retail/haggens-risky-expansion-largely-bankrolled-itself/ https://www.seattletimes.com/business/retail/haggens-risky-e... There also were some union shenanigans mentioned in this article. A happy side effect is probably the right description. https://www.heraldnet.com/business/inside-the-haggen-grocery-chains-spectacular-acquisition-failure/ https://www.heraldnet.com/business/inside-the-haggen-grocery...