This is not good news. Hedge funds like to buy up struggling retailers, load them up with debt from their other businesses and let them go bankrupt taking all the debt down with them. They’re not interested in turning them around and running them as a business. Sears, Toys ‘R’ Us, Sports Authority, Radio Shack, Payless Shoes, and many others were destroyed this way.
https://www.cnn.com/2018/10/16/inves...ity/index.html