Private equity topic of seminar

NEWPORT – Do you know what ToysR’Us, Joanne Fabrics and Saks Fifth Avenue have in common? This is a question that doesn’t involve toys, crafts and fashion, it involves assets, cash flow and plunder. Each of these companies is now bankrupt and were taken there by private equity, according to Stacy Cossey, who is putting on a Powerpoint presentation, ‘Private Equity Plunder.’

The free event is Wednesday, April 1, from 6-7:30 p.m. at Create in Newport. The presentation is based upon an interview between Catherine Austin Fitts and Tiffany Cianci.