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Fred Mobster (lemmy.world)

submitted 5 months ago by homesweethomeMrL to c/[email protected]

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[–] [email protected] 52 points 5 months ago (2 children)

Isn't this exactly what happened to Toys R Us as well? Bought up by a hedge fund, saddled with millions of dollars of debt to funnel its value to the hedge fund, then bankrupted and sold off for a pittance, laundering all the profit and wiping the debt away like it was never there. All while putting tons of people out of work.

[–] misterdoctor 9 points 5 months ago (1 children)

Aka rise of the planet of the apes

[–] [email protected] 4 points 5 months ago (1 children)

I, for one, welcome our new Dr Zaus overlords.

[–] [email protected] 3 points 5 months ago* (last edited 5 months ago)

I love you, Dr Zaius!

[–] ChapulinColorado 6 points 5 months ago

Same thing happened (according to the original founders that sold the company) to Mervyn’s in the west coast.