At Home Bankruptcy
Just saw At Home (Hellman & Friedman PortCo) filed for BK. Anyone know what happened / what caused this? Thanks.
Just saw At Home (Hellman & Friedman PortCo) filed for BK. Anyone know what happened / what caused this? Thanks.
Career Resources
Rough guess - bought during peak covid when nesting was a real trend, now home decor spending has cooled with a weaker consumer. Company was a big box retailer with thin margins and large footprint / overhead. It's a category that's been struggling - just look at Bed Bath Beyond.
They were probably treading water and then tariffs were the nail in the coffin.
Main reasons are as listed above but generally not a great idea to buy a business and expect to grow it when you have a ton of demand pulled forward with no real recurring aspect to it – if i buy a couch now I likely wont need to buy another one for a few years.
Ducimus distinctio eos voluptates natus. Perferendis eos cum et mollitia quisquam. Ut sed est aut. Soluta aut qui est quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...