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Looks like a prime market opportunity for a competing chain with competent management. The PE firm's loss can now be someone else's long-term gain.
by 9cb14c1ec0 2y ago
Looks like a prime market opportunity for a competing chain with competent management. The PE firm's loss can now be someone else's long-term gain.
- s1artibartfast 2y agoPE sold red lobster in 2016, so you are 8 years too late. The current owner (for the last 8 years) is the multinational seafood company Thai Union. They conducted a 150million stock buyback the same quarter they declared bankruptcy for Red Lobster, and are doing fine.