peHUB Second Opinion 12.1
We Are Aware: BusinessWeek takes its turn going at Sun Capital and Cerberus for Mervyns. Why is this suddenly news again? However, it's a good in-depth look from another perspective on what sorts of measures desperate companies really take. The author wraps it up with signs of regret over the LBO. Speaking of Sun: We saw the firm divest a few of Kellwood's brands, including Hanna Andersson, a brand the company had only bought a few years ago. But we didn't realize it sold the businesses to another Sun portfolio company! Is that even legal? Stocking Stuffers: Alan, Ben and Henry stress balls. Squeeze the Banker. Safe Haven: When it looks like even private equity is getting in on the layoff act, there's one place that's safe. It's law firms. The place everyone jokingly "escapes" from.
