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It wasn't the endless shrimp that doomed Red Lobster. How private equity pinched the seafood chain.

When a private-equity firm bought the iconic seafood chain in 2014, it sold the real estate under the restaurants for $1.5 billion. Then the restaurants struggled to pay the rents.

It wasn't the endless shrimp that doomed Red Lobster. How private equity pinched the seafood chain.

When a private-equity firm bought the iconic seafood chain in 2014, it sold the real estate under the restaurants for $1.5 billion. Then the restaurants struggled to pay the rents.






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