True Value found a private equity firm to take a majority stake in the company on Thursday in a shift away from the hardware company’s cooperative structure.
When John Clark decided to sell his successful sign-printing business Novograf he received interest from a large American firm. But when it emerged that such a deal would mean the factory outside Glasgow almost certainly being shut, he decided to explore other options.
Worker cooperatives are a viable alternative to corporate capitalism, yet they are rarely brought up in political discourse, two speakers at a Harvard Law Forum event argued Wednesday.
