If the First Brands bankruptcy proved anything, it’s that numbers can lie – and sometimes spectacularly. On paper, the company looked unstoppable:   $5 billion in revenue in 2024, EBITDA margins north of 20% , and   close to $1 billion in cash reserves  – all achieved within just six years. Reinforcing its image as a fast-growing, financially solid business was the fact that its   auditor had fully signed off on the company’s glowing financials . In reality, First Brands was

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