Summary

Shoppers pass a closing sale at an Eddie Bauer store in February. Photograph: Canadian Press/Shutterstock View image in fullscreen Shoppers pass a closing sale at an Eddie Bauer store in February. Photograph: Canadian Press/Shutterstock Consumed Business Private equity faces existential crisis in US as unsold companies pile up Private equity firms and the companies they own employ over 13 million, from startups to rural hospitals and large retailers, but experts’ concerns of collapse are growing Prefer the Guardian on Google R etail stalwarts Saks and Eddie Bauer filed for bankruptcy.

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