Anyone?
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Morally?
Hopefully soon. They deserve it.
@Y589ZKL-spp and others, can you tell me which Apollo Global assets under management have gone bankrupt AFTER being taken over?
I see Linens 'n Things in 2008 was a high-profile $365M loss. It also looks like they lost money on Claire's.
Any others?
https://en.wikipedia.org/wiki/Linens_%27n_Things
https://www.bloombergquint.com/business/apollo-backed-claire-s-becomes-latest-retailer-to-go-bankrupt#gs.1kl1gs
Plenty of companies owned by Apollo have gone bankrupt. It's not about your assets, it's about not having enough cash flow to meet your obligations.
Not in bankruptcy they have about $400 million to pay out in lawsuits and about $2billion in assets.
Not likely. It's part of Apollo Global Management.
Not. Yet.