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A&P, Food Fair, And Alpha Beta Say Hello
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It seems like grocery stores have done well in the pandemic, but an exception is Bi-Lo, the chain in the South that is going away, stores sold off to Food Lion and other operators. How did they go wrong? Simple: Private equity. Investors did what private equity investors do, and so the chain, its operation rudderless while assets were sold off, is no more. You know what private equity did to radio, and what it's doing to newspapers. Is private equity the devil? And what, if anything, should be done about it? (Charleston Post and Courier)
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