Focus DIY chain collapse sparks fury over role of private equity | Business | The Observer

This article on the Guardian website questions the role of private equity firms and the fury that has come with the way DIY focus was managed.

Quote:
“An analysis by the Observer has found that one private equity firm, Duke Street Capital, which made an initial investment of £68m in 1998, took £700m out of Focus after presiding over a series of capital and debt restructure”

This sounds like households buying a house at 8 times their salary and a few years down the road they have lived well but can’t afford it any-more. Or equity taken out of the house at unrealistic house prices and negative equity after a decline in house prices is another way of explaining what went wrong.

Recently I wrote an article I work at Focus DIY Stores what should I do and I hope it gives some direction for Focus’ employees who are not that fortunate to survive the liquidation.

The full guardian article: Focus DIY chain collapse sparks fury over role of private equity | Business | The Observer

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