In 2013, Golden Gate Capital, a private equity firm, bought struggling seafood chain Red Lobster for about $2.1 billion from Darden Restaurants. This move was made with a plan to steady the restaurant chain’s sales and return it to profitability, but things didn’t pan out as expected.
The reason behind Red Lobster’s problems wasn’t its endless shrimp offer, but rather a set of other factors that contributed to the restaurant’s decline. This includes menu changes that alienated its
