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this post was submitted on 22 Aug 2025
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All of these shopping-mall-parking-lot restaurants are getting rolled up. Cracker Barrel might have a different ownership model which protects it from private equity but they aren't long for this world.
Red Lobster is the baseline specimen for all of this. RL was spared during the recession because they owned all of the land their restaurants were on, meaning they didn't have to deal with skyrocketing rents, but private equity made them sell all that land (to a different company also owned by the same private equity firm) and start paying skyrocketing rents and hey wouldn't you know they went bankrupt.
right out of the IMF playbook