Well Walgreens is fixing to go to shit and then close in a few years after they squeeze every last fucking penney they can out of it. Private Equity firms should be fucking illegal. Everyone knows it's a fucking scam to make a plile of money and walk away leaving someone else holding the bag. - ThreadSky

mightyocd.bsky.social • 1 day ago

Well Walgreens is fixing to go to shit and then close in a few years after they squeeze every last fucking penney they can out of it.

Private Equity firms should be fucking illegal. Everyone knows it's a fucking scam to make a plile of money and walk away leaving someone else holding the bag.

Reposted from Phil Lewis

NEW YORK (AP) — Walgreens agrees to be acquired by private equity firm for almost $10 billion.

Comments

lilirishdynamo.bsky.social•1 day ago

Libertarian dumbness is what I call it. Look at what the villains did to Sears, & ToysRUs.

filigreegirl.bsky.social•1 day ago

Raiders.

adrew.dadguy.online•1 day ago

i will be interested to see how they can make it worse tbh

tofutticutie.bsky.social•1 day ago

https://www.costplusdrugs.com

uhcloudy.bsky.social•1 day ago

yep. they will now short the shit out of it until they eventually will go bankrupt and then the PE firms will pay no taxes on their massive "investments" - its bullshit. think about being a small, cutting edge Bio/Pharma firm looking for funding from the markets and then these assholes destroy you.

angrybitchflo.bsky.social•1 day ago

Exactly. It's about acquiring real estate, nothing more.

circlelady.bsky.social•1 day ago

Dollar Tree stores have opened in our vacant Walgreen locations.

angrybitchflo.bsky.social•1 day ago

Just as bad. As much as I used to love Dollar Tree, I've stopped shopping in them due to their support of Republican politicians.

circlelady.bsky.social•1 day ago

You wonder how many bad chemicals are in their merchandise as well. A friend took me into one and it had a weird odor to it.

angrybitchflo.bsky.social•1 day ago

Yes, considering it's all imported from China. I've picked up some good things here and there, but most of what they carry is stuff like that. You might as well shop Temu,I suspect a lot of it comes from the same places! These companies have made my low buy year that much easier with their politics.

crickettehkm.bsky.social•1 day ago

Gosh, is Mitt Romney back in business?

kate6.bsky.social•1 day ago

What I'm wondering is how long before the only remaining American pharmacies are Amazon and Walmart.

circlelady.bsky.social•1 day ago

Do the grocery stores in your city have pharmacies? I switched from CVS to the pharmacy at my nearest grocery store.

westernheritage.bsky.social•1 day ago

Yeah, but we know who this PE firm is.

blanchesbedroom.bsky.social•1 day ago

Same thing is happening in the construction industry. My husband works for a supplier that’s huge and it looks like it’ll be bought by a much larger company. Found out that a person on the board of that company is Jared Kushner 😵‍💫

circlelady.bsky.social•1 day ago

Having Jared on the board isn't a good sign. Guess the $2 billion he got from the Saudi government just isn't enough for him & Ivanka to live on.

blanchesbedroom.bsky.social•1 day ago

Look it up. The company is called QXO and there was an offer made to Beacon Roofing. I think it was rejected. Either way, my husband is bouncing to go to a smaller company which is a smart move. Funny because QXO is a software company that uses AI.

circlelady.bsky.social•1 day ago

Just read the 1/15/25 QXO announcement re: Beacon Roofing. "Our all cash offer provides compelling value" - yeah for oligarchs.

blanchesbedroom.bsky.social•1 day ago

Beacon is a shit company. All they do is buy up smaller companies. They bought the company I used to work for which was an amazing place to work. It all changed. My husband is leaving no matter what.

mightyocd.bsky.social•1 day ago

Ugh. Tell him to polish up that resume.

blanchesbedroom.bsky.social•1 day ago

Honestly, as a person who has dual citizenship, we have a Plan B I’m working on. We are fighting and hoping but the reality is we may have to leave this place. We don’t want to wait until it’s too late.

ninahartman14.bsky.social•1 day ago

This 100%. Except you forgot about the pillaging of people's pension funds, etc when they run themselves into the ground.

mightyocd.bsky.social•1 day ago

There aren't really any companies left with pension plans.

ninahartman14.bsky.social•1 day ago

It's a 401(K) but under my union contract that I had been hired, it had a damn good return, and they matched up to 10%. I stayed at that hellscape of a job for five damn years to get that shit vested.

mightyocd.bsky.social•1 day ago

Private equity can stop matching, but they can't take someone's 401K. They didn't used to be able to take pensions untill they bought all the bankruptcy judges and convinced them the Chicago school of Economics was the bible.

ninahartman14.bsky.social•1 day ago

The Chi school of Econ was absolute garbage. Makes me dislike boomers all that much more.

ninahartman14.bsky.social•1 day ago

And while they can't take your 401(K) they can damn sure crash the stock market to devalue it that way.

savagecatscratch.bsky.social•1 day ago

"Everyone knows it's a fucking scam to make a plile of money and walk away leaving someone else holding the bag."

Pretty much...the stock market.

mbuss1234.bsky.social•1 day ago

It’s called the Mitt Romney Special.

uhcloudy.bsky.social•1 day ago

"Bain" Capital

mbuss1234.bsky.social•1 day ago

Couldn’t remember the name. Thanks! And exactly!

uhcloudy.bsky.social•1 day ago

A few ruined companies by PE firms. Mitt made a billion dollars in 2012
A&P
Brookstone
Friendly's
Joann
Kmart
Party City
Payless Shoe Source
RadioShack
Red Lobster
RJR Nabisco
Sears
Sports Authority
TGI Fridays
The Limited
Toys R Us
True Value
TWA
Vice Media

mbuss1234.bsky.social•1 day ago

Left them in ruins.

Comments

Posting Rules

Reply