Compass Diversified Explores Debt Reduction Amid Fraud Fallout

Compass Diversified is a company that owns several other businesses.

They found out that one of their jewelry businesses, Lugano, had some problems where the boss lied about how much money they were making.

Because of this, Compass has to fix their financial records for the past few years.

They also have a lot of debt and are trying to figure out how to pay it back.

The boss of Compass said this is the hardest time the company has ever faced.

They are talking to the people they owe money to and might sell some of their other businesses to help with the debt.

The good news is that the problems at Lugano don't seem to have affected their other businesses, like a company that makes women's health products and another that makes magnets.