Talk of The Villages Florida - View Single Post - Red Lobster Chain Goes Bankrupt After Unlimited Shrimp Deal
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Old 06-09-2024, 02:59 PM
bmcgowan13 bmcgowan13 is offline
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Quote:
Originally Posted by Vermilion Villager View Post
This had nothing to do with how many shrimp you could eat in one sitting. Red Lobster was bought by venture capitalists Golden Gate Capital and that's where the death spiral started.!
How private equity rolled Red Lobster

Interesting post Vermilion Villager... I had not heard that before and I went down a rabbit hole reading up on Golden Gate.

Thanks for shedding some light on this..