this post was submitted on 24 May 2024
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Economics

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Pluralistic: Red Lobster was killed by private equity, not Endless Shrimp (pluralistic.net)
submitted 5 months ago by yogthos@lemmy.ml to c/economics@lemmy.ml
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[โ€“] InEnduringGrowStrong@sh.itjust.works 17 points 5 months ago (1 children)

Buy successful chain, cheap out on every possible thing to maximize profit, crash brand into the ground until it's an empty shell, blame workers and customers.

Corpo greed in a nutshell.

[โ€“] ShaggyBlarney@lemmy.ca 2 points 5 months ago

You forgot the repeat step. It's just good business in rotting the economy.