How Private Equity Is Behind Red Lobster And TGI Fridays' Bankruptcies
Between 2014 and 2024, private equity firms invested more than $90 billion into U.S. restaurants and bars. Red Lobster and TGI Fridays were two of the most notable. The two casual dining giants were acquired through a transaction type called a leveraged buyout that ultimately contributed to their bankruptcies in 2024. Watch the video above to learn more about the most commonly used strategies by private equity firms, including sale-leasebacks and roll-ups, to try to turn a company around.
