I remember Ed's Diner in Soho going downhill! One of the great malaises of the UK high street is that almost every mid range restaurant chain is owned by PE. Th

I remember Ed's Diner in Soho going downhill! One of the great malaises of the UK high street is that almost every mid range restaurant chain is owned by PE. They buy an upcoming chain, expand massively using debt, try to sell at the top and if not when recession comes they cut costs to make the experience awful and then go bust. I think we probably mostly agree on the whole brands thing. My point was really that P&G / Unilever are probably better than most in practice at being decent stewards of the brands they own.