The Milkman said:
AgLA06 said:
The Milkman said:
What could this PE firm's interest be?
So you don't know.
The Milkman said:
Its not like they are going to take Shipleys nationwide.
But it couldn't be the most obvious reason.
Youre right I dont know. But I have a hunch they arent idiots, and trying to greatly expand a local donut chain (especially at this time) would be a highly risky decision.
The "especially at this time" part is a little different when it comes to things like donuts. Revenues have actually increased during any economic crisis we've seen so far, and Covid has been no different. My best guess is that it's something about cheap eats and sugar highs to raise people's spirits. Drive thrus are obviously critical, but the only real difference for the past several months is that it's tougher to get into the parking lot because of the line of cars.
PE may or may not want to expand, we don't really know yet. It appears as though Lawrence simply wanted to retire, and the flour & supply side alone would have been an attractive acquisition.