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James Tenser's RetailWire Blog
February 4, 2010
Ron Burkle is Busy Looking to Buy
FROM RETAILWIRE:
Ron Burkle and his Yucaipa Cos. have stakes in quite a number of retailers. Recently, he has been making headlines as he has sought to buy bigger stakes in Barneys and Barnes & Noble. What do you read into Ron Burkle's push to gain greater share of Barnes & Noble and Barneys?
MY COMMENTARY:
Like any good merchant, Mr. Burkle understands how to make money on the buy. With values at a low, he's among the few investors with the liquidity to make offers on distressed retailers. Even if he can't make these retail concepts much more relevant to shoppers, he can tweak their performance metrics while he waits for the general stock market to recover. In two to three years, some windfalls may ensue. |
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