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Items tagged with: PrivateEquity

Jen Sorensen

5 months ago

Jen Sorensen
5 months ago

Latest comic on the looting of Red Lobster by private equity

#economy #business #corporations #PrivateEquity #RedLobster #cartoon #comic

SHELL GAME

1. It's easy to imagine that Red Lobster's bankruptcy was due to an ill-advised promotion.

Man tossing prawns into mouth: ENDLESS SHRIMP!

2. But far more damaging was being bought by a private equity firm that sold off its land and buildings.

Private equity executive holding a lobster: Lobster is so much tastier when you remove the shell!

3. The cost of leasing back its stores was much greater than the losses from the promotion.

Two piles of shrimp, with one shrimp equal to $1 million

Shrimp deal $11 million
Rent $200 million

4. Looting business after business -- it's an all-you-can-eat special for private equity.

Private equity executive eating fast food buildings with WHITE MOBSTER sign in background: MORE CHAIN RESTAURANTS!

#Comic #cartoon #business #economy #corporations #privateequity #redlobster

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