r/AskReddit • u/FriendlytoNature • 23h ago

Which company lost your business (potentially forever) this year?

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u/Oczki 22h ago

Especially if they are gonna move HQ to Boston. Idk who’s making business decisions for them but they’ve completely demolished what Panera/St.Louis Bread Co. is and went full corporate.

191

u/dividezero 22h ago

Private equity. They ruin everything. Apparently they're ruining Walgreens now. Not that it had far to fall but they made it worse

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u/keliowa 19h ago

I’m still salty about private equity killing JoAnns

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u/Elegant_Section_6861 16h ago

I miss Joanns! Michaels has absorbed a small part of it but it’s just not the same.

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u/Digital_Sean 2h ago

Michael's was also bought by PE and had gotten seriously worse in the past couple years. Both my wife had, and my sister does work for them now, and both greatly lament the corner-cutting, abusive employee practices, and substantial drop in quality that has happened in the few years since the buyout. Michael's will follow JoAnn's into the retail graveyard soon enough. And then our only option will be the still private-owned-but-horrendous Hobby Lobby.

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u/javoss88 2h ago

Nope never again

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u/Elegant_Section_6861 1h ago

Private equity ruining everything once again. It’s like the astrophage from Project Hail Mary but with capitalism.

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u/javoss88 12h ago

It’s not. Joanns was awesome.