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Apollo Global Management is struggling to offload its Hispanic grocery chain, with investors and analysts pointing to a damaging and unusual culprit: the Trump administration's immigration enforcement campaign.
Customers' fear of deportation has weakened sales at the private equity-owned chain, making a clean exit difficult to execute. The Core Problem for Sellers Private equity exits are priced on earnings trajectories.
When those earnings are falling because shoppers are afraid to enter a store — not because a competitor opened nearby or management stumbled — the story becomes hard to tell to a prospective buyer.
Investors and analysts have attributed the sales deterioration at Apollo's Hispanic grocer directly to the customer fear generated by Trump's deportation drive.
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