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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitt Romney Corners Matzo Market
JOSH MARSHALL APRIL 8, 2014, 9:52 AM EDT
There have to be 500 jokes possible about this deal. About 350 of them really bad. About 75 wildly Anti-Semitic. But let's just put it out there. Bain Capital is buying up all the Matzo. WTF, right?
Okay, not all the matzoh. But pretty much all the matzo. If you're a member of the Hebrew tribe living in America you know that Manischewitz (nice Polish name) pretty much makes all the matzo. And most of the gefilte fish (rare treat) and even manages to make some seriously unfortunate wine. And now it's all owned by the private equity spawn of Mitt Romney. (Unhelpful disclaimer: Mitt no longer runs Bain.)
Interestingly, Bain doesn't think there's a growing market in Jews. They'd sort of need their head examined for that. But they think they can leverage kashrut to enter the market for whole or at least pure and healthy foods. This has been one of the anchors of kosher butchers for centuries (kashrut as a quality control designation - very helpful before the FDA). I guess the idea is that you're going to get trendy people to eat their dip or quac with Matzo. Hell, maybe it will even be a Superbowl Sunday thing. Got the beer, got the dip and salsa and got the matzo.
Let's play ball!
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KamaAina
(78,249 posts)I would get boxes and boxes of the stuff right after Passover, when it was at least half off.
Hekate
(90,773 posts)mercuryblues
(14,537 posts)words. Bain is going to bleed the pensions dry, mortgage the company to the hilt, lay off 1/2 the workers, cut pay, then sell the company to another vulture group.