Curse of Private Equity
Morrisons to close 100 stores.
Blames govt, silent on PE looting.
PE loaded company with £6.6bn debt, cut staff, sold-off petrol stations, indulged in sale and leaseback of assets, extracted returns.
PE devouring high street.
https://t.co/DB8maucyKI
I’m hearing that Andy Burnham has purchased a meal deal at WH Smith in Euston station. Beth, Sam and Sophy are en route to ask the checkout assistant what flavour crisps he chose.
Meanwhile Nigel Farage trousered a £5m bung and didn’t declare it.
Back to the crisps story.
“I’ll be all over the Farage £5 million donor story as soon as I’ve finished investigating allegations that Starmer owes a mate 22p for a Mars bar he bought him in 1987.”