Trump picks Dr. Marty Makary as Food and Drug Administration commissioner
It wasn’t the endless shrimp that pinched Red Lobster. How private equity rolled the seafood chain.
From your sentence, it seems you’re talking about how the management style and business strategies used by private equity firms affected the seafood chain, Red Lobster.
Private equity firms are known for buying companies and then attempting to improve their financial performance, before selling them for profits. Many times, this is done through cutting costs, restructuring, or implementing new management techniques. In the case of Red Lobster, the acquisitions were done by Golden Gate Capital, a private equity firm.
In 2014,