asset-stripping

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asset-stripping

Commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal
References in periodicals archive ?
But business organisations voiced concern, with the Federation of Small Businesses warning that the Labour leader did not understand "how jobs and apprenticeships are created in the real world" and the CBI questioning his characterisation of some firms as asset-strippers.
He warned he had discussed LDV's future with Russian owners and Swedish managers - but was now in talks with Chinese asset-strippers.
The short-sellers, the hedgefunders, the asset-strippers.
FORMER Jaguar boss MP Geoffrey Robinson is hoping asset-strippers don't move in to buy the luxury car maker.
Private equity companies, which last year were responsible for one fifth of last year's pounds l,900bn-worth of mergers and acquisition, have come under the spotlight recently with unions condemning them as corporate raiders or asset-strippers, only interested in quick profits.
VILLA's pounds 7 million land sale this week was done to deter asset-strippers from taking over Doug Ellis's empire - and encourage buyers who have football as their No.
A NOTORIOUS firm of US asset-strippers have entered the race to buy supermarket chain Safeway - sparking fears for Scottish jobs.
But such a proposal was possible because Mr Towers has injected life into a company which at one stage looked as if it was going to die by neglect or get killed off by asset-strippers.
Private equity houses - innovative businesses which create jobs and prosperity or ruthless asset-strippers filling their pockets at the expense of the workers?
Against that background, it would be foolish to dismiss them as mere asset-strippers.
With his associate Lord White he was an icon of 1980s capitalism, becoming one of the most feared asset-strippers on either side of the Atlantic.
VER since they acquired Littlewoods in October 2002, I have heard a lot of talk that the Barclay brothers are asset-strippers.