Discover and read the best of Twitter Threads about #Samsonite
Most recents (2)
#Sopranos fans know the #BustOut as a mob tactic in which a business is taken over, loaded up with debt, and driven into the ground, wrecking the business's workers, customers and suppliers. When the mob does it, it's a bust out; when Wall Street does it, it's #PrivateEquity.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2023/06/02/plu…
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pluralistic.net/2023/06/02/plu…
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It used to be that we rarely heard about private equity, but then, as national chains and iconic companies started to vanish, this mysterious financial arrangement popped up with increasing frequency.
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@drosha69 @JeffSonnenfeld - FYI: KFC and Pizza Hut owner and Heineken claims to pause business in Russia ONE YEAR AGO , yet the brand is still alive and well in MAR 2023 theguardian.com/world/2022/mar…
See this video filmed in February 2023, showing brands that are sneaking back into the russian market including #Samsonite #Levis and #Reebok .
A mixture of outright business as usual and others duping consumers russian names, selling original products.
A mixture of outright business as usual and others duping consumers russian names, selling original products.
Same old products, under fake russian branding.
These companies need calling out and being held to acount by consumers, shareholders and the media.
#StopTrade with #Russia
