Deals
Shopko Workers Are Latest Demanding PE Firms Pay Up After Retailer Fails
- Employees target buyout firm Sun Capital for severance
- Workers’ demands echo those in Sears, Toys ‘R’ Us cases
A Shopko retail store in Kenosha, Wisconsin.
Photographer: Kristoffer Tripplaar/Sipa USA
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Employees of bankrupt department-store chain Shopko Stores Inc. are demanding the company’s private equity sponsor provide severance to workers impacted by its liquidation, according to a statement released Friday.
Shopko employees -- organizing through the labor non-profit United for Respect -- released an open letter to Sun Capital Partners Inc. executives Marc Leder and Rodger Krouse on Friday to make their appeal.