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Private Equity–Backed Firm Bowlero Is Ruining Bowling
(jacobin.com)
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Well, in my smaller town, our only new bookstore was part of a large chain. When the owner sold the company, the idiot who bought it drove the chain into the ground. Then that guy sold to an investment type group to be shuttered and liquidated. So now we don't have a new bookstore, roughly 8 years out.
Bowling seems to occupy the same type of niche that bookstores do. It appeals to a small dedicated following who really rely on that space. Watching so many big companies go out of business over the last couple decades makes me really not want local businesses sold to bug conglomerates, especially, for example, the way it played out for Toys-R-Us.