Ares acquires entirety of Savers
In March 2021, Ares Management Corp. entered into a purchase agreement of Savers. Under the deal, Ares will acquire a full ownership interest. Previously, Crescent Capital Group LP was a majority shareholder, while Ares was a minority shareholder. The financial terms were not disclosed
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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