Department Stores
Department stores and multi-category retail chains
2 PE-owned brands|14 locations tracked
PE-Owned Brands
Mervyn's
PE-Owned1 impact
Owned by Sun Capital Partners
PE consortium split company into real estate and retail, forced retailer to pay rent on properties it previously owned. Extracted $200M in fees. All 257 stores liquidated.
8 locations tracked
Shopko
PE-Owned1 impact
Owned by Sun Capital Partners
Sun Capital stripped real estate, loaded debt, extracted $50M dividend. All 360 stores liquidated. 14,000 jobs lost.
6 locations tracked