When the venerable Red Lobster restaurant chain filed for bankruptcy and announced it would be closing dozens of locations, the news didn't come as a surprise. Red Lobster had been struggling for years and the filing came on the heels of a highly publicized, equally ill-fated "all-you-can-eat" shrimp promotion. Although the shrimp promotion may have been a contributing cause, a deeper analysis reveals that a bad real estate deal killed Red Lobster. In 1968, Red Lobster pioneered the semi-casual
How private equity rolled Red Lobster nbcwashington.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcwashington.com Daily Mail and Mail on Sunday newspapers.
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.
How private equity rolled Red Lobster nbcnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnews.com Daily Mail and Mail on Sunday newspapers.
How Private Equity Rolled Red Lobster lportepilot.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lportepilot.ca Daily Mail and Mail on Sunday newspapers.