Community Chat

[Tinkrbl44]

So ... it's probably safe to assume that Elon Musk isn't behind this sale?  LOL

[Nonametoday]

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@elated wrote:

Oak Street is a private equity firm that's made several similar acquisitions from retailers facing a tough economy.. It is important to realize how many retailers are struggling to stay in business.  Inflation has hurt many people who are struggling to get by on a daily basis. Many don't have money to spend on non essentials. It is sad to all involved.

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@elated 

we are on a fixed income, except what we can borrow from what we have saved and (not lost that we had in 2008, especially with the Lehman Bros hit) and IRA.  We have never had to borrow from that funding except for major things like roof for our home, pay for a car and we always had money left over at the end of the month to dine out, buy little piddly things that we wanted, small luxuries that we might not have otherwise had, but for the past 15 months or so, we are finding ourselves borrowing monthly from those saved funds.  It is very sad. Unfortunately, we are one of only many, many retired couples that we are hearing similar stories from.

[Mindy D]

They sold the properties to themselves...QRate Retail.

[PickyPicky3]

All the info is given in Qurate Retail's 11/4 press release. Slow reading unless you have a good financial transaction vocabulary.

Oak Street will purchase and leaseback all the properties, including Germany and England. The money raised by Qurate will be used immediately to pay off debt.

Oak Street is a division of Blue Owl, an investment company traded on the New York Stock Exchange. Blue Owl stock is owned by many mutual funds.

This actually makes me a little sad, but the world never stands still.

[Mz iMac]

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@sunshine45 wrote:

No easy pays included in that deal. 

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[Foxxee]

Don't think everyone understands this high inflation could have easily been prevented.  It could be fixed beginning tomorrow morning.  

To think it continues while people and companies are struggling trying to keep their heads above water when, again, it could have been prevented and it can be fixed.  

Inflation, though, is just one of QVC's major issues.  They appear to be their own worst enemy.

[ValuSkr]

Some companies / CEO's see no reason to be in the real estate business.  They'd rather get out of real estate and plow resulting funds back into the company's core activities.

It's a bit of a risk, of course.  In the future, they'll be subject to the whims of their landlords.  But, presumably, lease terms are long-term and predictable.

[RollTide2008]

We’re working differently now. How much office space in Studio Park is vacant because of a transition to work from home?

[gertrudecloset]

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@Foxxee wrote:

Don't think everyone understands this high inflation could have easily been prevented.  It could be fixed beginning tomorrow morning.  

To think it continues while people and companies are struggling trying to keep their heads above water when, again, it could have been prevented and it can be fixed.  

Inflation, though, is just one of QVC's major issues.  They appear to be their own worst enemy.

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How can inflation be fixed by tomorrow?  Cause and affect is what causes it.  Please enlighten me, because I have never heard of such a thing @Foxxee .

[Razzle dazzle1234]

I just knew something was going on