Re:Red Lobster was killed by private equity, not Endless Shrimp
by matthewdgreen on Friday May 24, 2024 @10:32AM
(#40466662)
It doesn't have to be one-dimensional, but some dimensions should concern us more than others. Businesses fail all the time for loads of reasons and we shouldn't necessarily try to prevent that. But the structural reasons behind this one are driven by market power and consolidation, and the result of the takeover will be an increase in those measures: these are the effects that generalize beyond "Red Lobster is a complex one-off."
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