Fred Mobster

Budget decisions that affect whether people will live or die are hindered by having to pay rent to the company that owns you and is also your landlord.

You owned the building before they showed up with all their money and fake promises.

Well this explains why a bunch of hospitals went bankurpt in MA recently. What a horrible way to make money.

You might think bankruptcy screws the hedge fund, but it doesn't. Bankruptcy lets them drop a bunch of debts and obligations caused by sucking all of the money out of the rest of the changes, so they get stuff and don't have to pay for a big chunk of it before they eventually offload it to some other company.

The whole thing is vulture capitalism.

They've basically siphoned the businesses assets out into cash for themselves, a little bit at a time.

Owning Red Lobster might sound like a cool idea but imagine if you were a hedge fund and you could own the equivalent of the value of Red Lobster in the form of cold hard cash money.

(this hypothetical requires you to abandon all human empathy or long term ethics)

The hedge fund could have easily sold to a "separate" entity, legally, but still have been in cahoots or direct control to fuck the company for profit. I don't know any of the details here, but the same sort of thing happens all the time. Capitalism is full of white collar crime that is simply allowed to happen.

They are allowed to sell the land to other entities controlled by the hedge fund or their cronies.

They sold the land to themselves

Fuck the banks giving these voltures loans to pull this shit.

We all end up paying for this with fees and loan costs.

Alll the way to healthcare

I just want to talk to them.

But why do you need the golf club, xentoxis? What are you about to do?

Both are true. The land sale did great short term benefit, terrible 5 year turnout as the fun dries up and they can't afford rent at a lot of locations as easily. Then the seafood producer put the squeeze on em.

If it's a legitimate hostile takeover, the market has ways of shutting things down. /s

Private equity firms and only planning a quarter out.

Probably a gambit to remind people that Red Lobster exists and trying to pump the brand back up before offloading it or an attempt at a loss leader strategy hoping they would make up any loss on the shrimp in drinks and extras.

It could actually be both; the equity group bought it, sold the land to itself (a subsidiary), used rent to extract money from the business as it was going down. Then they sold the business to a Thai company that sourced their shrimp, with Red Lobster buying at a loss. Once the financials got too bad, they had Red Lobster file chapter 11 so its debts were written off, but the equity group & Thai company get to hold on to the money they got through the process. I can't verify this is exactly what happened, though, take what I'm saying with a grain of salt.

That is indeed a major chunk of it. The Thai group said they wouldn't change or fuck with suppliers, no worries. Then they said, nope, you have to buy all your shrimp from us. Then they said, let's have an endless shrimp promotion.

Red Lobster was canceled because of woke.

It still boggles my mind how lobster went from so bad you couldn't even serve it to prisoners to a luxury food item.

What the fuck is wrong with our species??