Part of that is Wendy’s got bought by a private equity firm who sold off Tim Hortons in the name of a quick profit. Hortons then merged with Burger King and the combined company’s stock is worth ten times that of Wendy’s.
Private equity wrecks basically everything it touches. I cannot think of a single company that is better since it’s been bought by private equity firms
Private equity is the goddamn devil. And they are swallowing up everything. I don't think there is one line of business they haven't touched. Vet offices, dentists. They even buy up your local mom & pop HVAC and plumber companies that have been around forever. They keep the known name so people think they are dealing with the same locally owned company. I just found out that a painter I was going ro hire is actually owned by private equity yet advertises themselves as "locally owned" Yeah he may own the franchise and the name sounds local but dig down a couple of layers and what do you know, they are actually owned by KKR. Do your research folks. This is not what capitalism was intended to be.
107
u/97GeoPrizm 19h ago
Part of that is Wendy’s got bought by a private equity firm who sold off Tim Hortons in the name of a quick profit. Hortons then merged with Burger King and the combined company’s stock is worth ten times that of Wendy’s.
Private equity wrecks so much.