Lets do the math. 12/10/2015 Sycamore acquires Belk, INC. We all know the store where the majority of Americans purchased school clothes in the fall. So fast forward to Jan 26, 2021 just under 6 years later and what do we have now???? Anyone wanna take a chance??? BANKRUPT!
Now lets look at Staples, which is now saturated in debt in a highly competitive market just like Belk thanks to our boy Peter Marrow over at Sycamore Partners who acquired Staples 9/12/2017. The BIGGEST acquisition ever. The idea was an IPO and as to no surprise that idea failed. So next idea more LAYOFFS!
So if history is what we have with ol' Peter. I expect just like Belk we will see a Chapter 11 filing prolly sometime late 2022 if not sooner.