Private Equity's Food Frenzy Turns Sour
TL;DR Summary
Private-equity funds bought a record 786 food and beverage companies worth $32 billion in 2021, using debt to pay for their purchases. However, the food industry was soon hit by higher labor costs, supply-chain disruptions, and surging inflation, leading to rising prices at the grocery checkout.
Private Equity's Food Binge Goes Sour - WSJ The Wall Street Journal
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