Risky deals boomed during the bull market. Now some are blowing up

 

Source: Matt Egan - CNN Business

J.Crew, Neiman Marcus, Hertz and Chuck E. Cheese's have two things in common: They all piled on crushing amounts of debt during leveraged buyouts. And they've all filed for bankruptcy during the pandemic.

The sudden nature of this recession is exposing the inherently risky nature of these private equity takeovers.

Read Full Article: Risky deals boomed during the bull market. Now some are blowing up

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