Oddbean new post about login | logout See also: Red Lobster. Went bankrupt because PE sold all the real estate from under their restaurants to make a quick buck. When the pandemic hit, they couldn’t make the rent.
Read the book, "These Are the Plunderers: How Private Equity Runs—and Wrecks—America" by Gretchen Morgenson. PE is ruining everything. Their latest target the last decade has been medical industry and nursing/assisted living homes. It's going to be a disaster in a decade or less. Sadly the cause here is the fiat system - these people are incentivized to harvest fiat fast and let the businesses die (all in the name of efficiency of course).