asset-stripping

British  

noun

1. commerce the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down

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Other Word Forms

• asset-stripper noun

Example Sentences

"It has not recovered from the war - the horrible asset-stripping and destruction, the mass displacement, from the failure to pay salaries, from the destruction of employment. And on top of that there has been a terrible drought," he told BBC Newsday.

From BBC

He described the plans as an "asset-stripping business plan" that will lead to the break-up of the company.

From BBC

Owners Colin Goldring and Jason Whittingham have been accused of asset-stripping the Warriors, whose men’s team has been in the Premiership since 2015.

From Seattle Times

Worcester has started the season in a crisis, with full salary payments to staff and players for August yet to be completed amid growing anger toward the club’s owners, Colin Goldring and Jason Whittingham, who have been accused of asset-stripping the team from central England.

From Seattle Times

The GMB union, which represents Asda workers, said Asda was "a profitable company that does not need to be loaded with debt" and labelled the sale of the warehouses "asset-stripping".

From BBC