Chewy cookies are the best. Archway, the master for years, made great oatmeal cookies. But last October the company declared bankruptcy. And over the weekend, The New York Times exposed the accounting shenanigans that preceded its collapse. The article is unsettling at a visceral level.
We enjoy Archway cookies at Acrimoney.
The article also illustrates the difficulty of making money in private equity (PE). Catterton Partners is one of the best PE firms in the business. They have a distinguished track record. Their investments, past and present, include household names like Odwalla, Caribou Coffee, and Restoration Hardware.
