retail
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The Frisch’s Private Equity Deal
Frisch’s Big Boy, a local Cincinnati Restaurant chain, was purchased by National Restaurant Developers (NRD) and taken private in 2015. As part of this transaction, NRD used Frisch’s own buildings and land as collateral to finance the transaction and store remodeling. After Covid, Frisch’s struggled to cope and was eventually served eviction notices in 2024. We review the transaction and strategy, and the lessons that can be learned. Author’s note: My dad recently passed away in August. He used to…
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Kroger’s Panopticon: Making Criminals of Grocery Shoppers
I’ve been shopping at Kroger literally since I was a small child. My mom preferentially shopped at Kroger. I can still hum the “Let’s Go Krogering” jingle and remember Marty Brennaman and Joe Nuxhall on their commercials. I know many people at Kroger who I like and respect. But anymore, shopping at Kroger makes me feel like a criminal. I shop at Kroger every Monday to pick up my food staples. Since 2021, the loss prevention ‘features’ at my Kroger…