Home Plus crisis sparks political backlash against Korea's top private equity firm

Business

SEOUL, Aug. 11 (UPI) -- South Korea's leading private equity company MBK Partners said the troubles of its subsidiary Home Plus, the country's No. 2 discount chain, were not its fault. "The management crisis at Home Plus is due to structural changes in the industry," MBK said in a statement last week, refuting allegations that the excessive loans and asset sales under its ownership resulted in the retailer's decline. Citing a report from Samil PricewaterhouseCoopers, MBK pointed to rising

din zilele anterioare