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Business & Economics

How private equity played a role in Red Lobster and TGI Fridays bankruptcies

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Summary
Nutrition label

75% Informative

In 2024 , 21 restaurant and bar chains filed for bankruptcy.

Ten of those had been backed by private equity, according to PitchBook .

Private equity has invested $94.5 billion in the bar and restaurant industry.

Some of these takeovers haven't worked the way the eateries may have hoped.

VR Score

84

Informative language

87

Neutral language

75

Article tone

informal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links