May 24, 2024, 4:30 PM
May 24, 2024, 4:00 PM
How private equity took over Red Lobster
CNBC
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Source
When a private-equity firm bought the iconic seafood chain in 2014, it sold the real estate under the restaurants for $1.5 billion. Then the restaurants struggled to pay the rents.
NBC News
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Source
When a private-equity firm bought Red Lobster in 2014, it sold the land under the restaurants for $1.5 billion. Now the restaurants can't pay the rent.
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