Hedge funds, PE firms... are vultures, employees are the 1st to go:
"A hedge fund bought the co, sold off all the land Red Lobster restaurants are located on, leased the land back to Red Lobster, & jacked the rent. Just so you know what is really going on here."
-M McDonald
Darden sold Red Lobster in 2014 to private equity firm Golden Gate Capital for $2.1B. It parted with its remaining stake in the chain in 2020, selling to Thai Union Group.
