PE Backers Poached Hot Topic's 'Crown Jewel,' Creditors Say
By Jon Hill ( November 9, 2017, 8:55 PM EST) -- More than two dozen bondholders of Hot Topic Inc. filed a suit in New York state court on Wednesday accusing the specialty fashion retailer's private equity backers of a scheme to strip the company of its "crown jewel" Torrid for a pittance and keep hundreds of millions of dollars in profits to themselves....
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