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%
Community Reviews
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CO (1)
Denver
7262 Main St
Denver, CO 80201
555-758-9090
FL (1)
Tampa
3874 Main St
Tampa, FL 33601
555-270-8258
IL (1)
Chicago
2030 Main St
Chicago, IL 60601
555-828-3215
NC (1)
Raleigh
3622 Main St
Raleigh, NC 27601
555-632-8364
NY (1)
New York
3179 Main St
New York, NY 10001
555-765-9873
PA (1)
Pittsburgh
8428 Main St
Pittsburgh, PA 15201
555-815-2115
TX (2)
Houston
8153 Main St
Houston, TX 77001
555-139-9334
San Antonio
3847 Main St
San Antonio, TX 78201
555-861-4000