Comment by 9cb14c1ec0
2 years 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.
2 years 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.
PE 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.