Thread regarding Belk layoffs

$2.5 million. Over 5 years. Lol. That’s peanuts.

Perhaps they need better and more efficient distribution at Blythewood? Sycamore also owns integration for private label production? Hence the attraction to purchase any retailer offering private label. Smart. If they lose on one venture, they gain wholy on the other. Not sure what that means for any of us at Belk except we may see Ann Taylor label in stores? Talbots seems to be the only retail venture that benefitted by Sycamore’s ownership. For sure, we know Ann Taylor will see a lot of change.

Gamble:
$ for "upgrade"

Upgrade = more business profit/temporary tax shelter
or
A facility that is more attractive to potential buyers (to unload it)
or
at worst, a healthy tax write-off with bankruptcy

It's a tough win if there is a profit margin, but a necessity for the investors who like to take risks (and obviously they do with the dregs that they buy) and have a need to launder their dirty money even with bad investments.

If the investment firm truly valued the business as a whole and were trying to make it work, you'd hear about it every few minutes in press releases to retail info providers. There is no strategy apart from sinking "play" money into high-risk ventures in hopes of scoring big on a s—er's bet– like a drunken, high-roller bucking the tiger in a losing game of Faro where the odds are all on the house.