RogerH Posted April 13 Share Posted April 13 There is discussion on the TRR Forum that both Moss and Rimmer have been gobbled up by a USA Equity (asset stripper) group. Long live TRShop, TRGB, Revington and other smaller friends. Roger Link to comment Share on other sites More sharing options...
Hamish Posted April 13 Share Posted April 13 Surely this can’t be a good thing 2 of the biggest classic car part suppliers who were in some form of competition either price and/or quality effectively under one roof. ? Link to comment Share on other sites More sharing options...
Nick Jones Posted April 13 Share Posted April 13 No, definitely not. Private equity taking over is usually bad news. Asset strippers tends to be accurate description unfortunately. It’s the American market exposure that is why those two I assume. No doubt there is some positive spin being put on it…. Link to comment Share on other sites More sharing options...
Hamish Posted April 13 Share Posted April 13 https://www.radialequity.com/portfolio-/moss-and-rimmer i read amalgamation Link to comment Share on other sites More sharing options...
Nick Jones Posted April 13 Share Posted April 13 Let’s hope……. Link to comment Share on other sites More sharing options...
PaulAA Posted Thursday at 08:55 AM Share Posted Thursday at 08:55 AM A propos this sad event, here's a piece about the penetration of private equity into all our lives: https://www.theguardian.com/business/2024/oct/10/slash-and-burn-is-private-equity-out-of-control A random quote: "when it comes to private equity, you don’t need to cherrypick the horror stories – you have to wade through them" Link to comment Share on other sites More sharing options...
Nick Jones Posted Thursday at 06:10 PM Share Posted Thursday at 06:10 PM Yeah…. I remember reading that. Completely parasitic and usually destructive. Link to comment Share on other sites More sharing options...
JohnD Posted Friday at 11:41 AM Share Posted Friday at 11:41 AM Plus, Labour has not stopped the "carried interest" concession! This is of especial interest to hedge fund managers, as fees they earn on acquisitions and sales are taxed at only 25%, when if they were classed as "capital gains" it would be nearly 50%. Would earn approx £200 million revenue. Clearly one for the financial lobby, and quadruples all round! John Link to comment Share on other sites More sharing options...
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