Private Equity is a term that has appeared a few times the last few years - think Debenhams, The AA, and now Boots The Chemist.
According to John Cranage - (quote) KKR will dump a whole heap of debt on a business that is already facing tough times in the high street.
If I relied on Boots for my salary and pension, or as my local chemist, I'd be very worried.
Asset-stripping, property sell-offs, deep, deep cost-cutting, redundancies, branch closures and a general running down of the business will be the order of the day.(unquote)