The larger thesis is that the sharedIP language between the three parties is key. If you want to alleviate costs you pull operating expenses out of the entities directly and they are allocated by a management/holding company. Imagine an umbrella company e-commerce driven company w shared IP business underneath to eliminate vendor costs (larger contracts, not at a store by store level), favorable leasing costs (which they were able to reevaluate FMV of the leases specifically DUE TO being in ch11 restructuring). The shared IPs enable more efficient logistics and ecom solutions. Smaller retail footprint but PROFITABLE and strategically placed near the distribution centers you also own. 🚀