Video: How private equity is demolishing fashion retail

J. Crew, Neiman Marcus and Barney's are just a few of the fashion retailers that have recently declared bankruptcy. Although, in these companies' cases it cannot only be blamed on a pandemic, bad business practices, or a failure to keep up with e-commerce. That is why CNN Business shared this 3-minute explanation on leveraged buyout's role in these companies' bankruptcies.

Source: CNN Business, via YouTube