Red Lobster’s bankruptcy isn’t a story about the recklessness of having endless shrimp on offer — it’s a story of how private equity firms bled a restaurant chain dry, leaving workers and diners adrift.
  • @teamevilEnglish
    1•7 months ago

    Problem is the company is got lease payments forever due to selling all their property and leasing it back, netting 1.5 million…