May 25, 2024
8:10:00am
8:10:00am
Asset-stripping claims another victim: Red Lobster.
The practice isn’t the only reason that led to the bankruptcy filing for a dominant player in casual dining.
But it put the company in a position that made it difficuit to deal with other business challenges.
The equity group that bought them, sold the real estate on which the stores sat and the new owner charged the stores above-market leases.
But it put the company in a position that made it difficuit to deal with other business challenges.
The equity group that bought them, sold the real estate on which the stores sat and the new owner charged the stores above-market leases.
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