Why was it worse for the restaurants than the alternative?
Why was the rent increased, by how much, and by who?? What was the difference between the payments and how much did it diff from market over time or at whatever time you're talking about.
I'm an LP in GGC so I have lots of thoughts, happy to hear yours in detail!
By how much? By enough to hurt the restaraunts. I'd be happy to hear from you the specifics of how much it was increased, per-restaurant, if that's what you're referring to.
Was it worse for the individual restaraunts than not jacking up the rent? Yes, paying more is worse than paying less.
Was it worse than not being bought out by PE? Probably, but that's the sort of prophesizing about what would have happened had reality been different, in which I'm not interested in participating. What we do know is that a lot of value was extracted from Red Lobster into the pockets of PE, leaving the company a withered husk of its former self, a common PE playbook.
It's not prophesying given we have additional facts we could include to play out the alternative (socioeconomics)- if you wanted to engage from a place of intellectual honesty, that is.
"Playing out an alternative future" is "prophesizing" with more words, and prophets always claim to have some basis to predict the future, but nobody can. That's why I'm not interested in prophesizing about what might have happened had reality been different.
You mentioned rent costs, though: I'm happy to hear the rent costs before vs. after private equity sold the land out from under the restaraunts – it sounded like you were saying you're in a position to access those numbers? Given your excellent posting history, I trust that you want to engage from a place of intellectual honesty in that regard.
As it stands now, all we know is that, post private equity, they were jacked up so much that the stores struggled to pay. So how much was it exactly?
Why was the rent increased, by how much, and by who?? What was the difference between the payments and how much did it diff from market over time or at whatever time you're talking about.
I'm an LP in GGC so I have lots of thoughts, happy to hear yours in detail!