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07/26/2019 | Holding Wall Street Accountable
Published By:Forbes

Study Highlights The High Cost Of Private Equity Firms’ Retail Buyouts: 1.3 Million Jobs

Nearly 600,000 jobs at U.S. retailers owned by private equity firms and hedge funds have been lost in the past decade, according to a study released this week by the Center for Popular Democracy and other groups. Add indirect job losses at retail suppliers like toymakers Mattel and Hasbro, and that’s another 728,000 jobs lost.

Read the full article here.