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Stock impact report

As a grocery chain is dismantled, investors recover their money. Worker pensions are short millions. [MSN Money]

Park-Ohio Holdings Corp. (PKOH) 
Last park-ohio holdings corp. earnings: 3/11 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: pkoh.com/investor-relations
Company Research Source: MSN Money
© Scott Roth/Invision/AP Marc Leder, left, and guests attend a 2015 benefit in the Hamptons. MUNCIE, Ind. —Once the Marsh Supermarkets chain began to falter a few years ago, its owner, a private-equity firm, began selling off the vast retail empire, piece by piece. The company sold more than 100 convenience stores. It sold the pharmacies. It closed some of the 115 grocery stores, having previously auctioned off their real estate. Then, in May 2017, the company announced the closure of the remaining 44 stores. Load Error Marsh Supermarkets, founded in 1931, had at last filed for bankruptcy. “It was a long, slow decline,” said Amy Gerken, formerly an assistant office manager at one of the stores. Sun Capital Partners, the private-equity firm that owned Marsh, “didn’t really know how grocery stores work. We’d joke about them being on a yacht without even knowing what a UPC code is. But they didn’t treat employees right, and since the bankruptcy, everyone is out Show less Read more
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