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But on you main topic; yeah, you wouldn't trust them with a new lay-by, would you? The private Equity firm made an absolute killing on this and gave us all a lesson, if we needed it, on just how much a brand, employees, and customers mean, to those businesses that produce nothing of worth except profit. Disgusting.
Yep, including all the fund managements and supers, that piled into it when it was delisted.
Big losers are the mums and dads with super funds and those who bought into the story of a revitalized business.
It is just incredible, that it could relist at $2.00 plus considering Woolies could not make a cent after buying the business.
You have to ask, how the fund managements could believe that it is a viable, profitable business?
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