A private equity firm fucked up running a 188-year-old department store chain, which had survived two world wars and the Great Depression.
So now low-paid retail workers are being told that they'll lose their jobs just weeks before Christmas.
https://www.abc.net.au/news/2026-11-11/david-jones-to-close-stores/107372854
@ajsadauskas @aj @latestagecapitalism They didn’t fuck up: they extracted value to enrich the people they were meant to enrich. This is private equity working exactly as designed.