Mervyn's
PE-Owned1 Documented ImpactPE 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.
Ownership Information
Mervyn's is owned by Sun Capital Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Mervyn's founded
Acquired by Sun Capital Partners for $1.2 billion
Mervyn's destroyed by PE consortium that extracted $200M in fees
Cerberus, Sun Capital, and Lubert-Adler split Mervyn's into real estate and retail entities, forcing the retailer to pay rent on properties it previously owned. Extracted $200M in fees and dividends. All 257 stores liquidated. PE firms later settled lawsuit for $166M.
Before vs. After PE Acquisition
Store count
Reported 2008
Before PE
257 stores
After PE
0 (liquidated)
↓ 100%
Tracked Locations
IL (1)
Chicago
8437 Main St
Chicago, IL 60601
555-115-4765
OH (1)
Cleveland
5775 Main St
Cleveland, OH 44101
555-817-5907
PA (1)
Philadelphia
3301 Main St
Philadelphia, PA 19019
555-865-3763
WA (2)
Seattle
3448 Main St
Seattle, WA 98101
555-294-3313
Seattle
2973 Main St
Seattle, WA 98101
555-856-8179