"the chain has had five CEO’s in the last five years, a red flag approximately the size of Austin, Texas. One of the newer owners, Thai Union, is a seafood seller, and suspiciously became the restaurant’s sole supplier of shrimp at above-market prices. And a former hedge fund owner forced the chain to sell off its highly-valuable real estate to a closely-connected company, which leased the land back to the restaurants at much higher lease rates."
This commentary from Jeff Childers substack (Coffee and Covid). https://www.coffeeandcovid.com/p/deadly-force-wednesday-may-22-2024
"the chain has had five CEO’s in the last five years, a red flag approximately the size of Austin, Texas. One of the newer owners, Thai Union, is a seafood seller, and suspiciously became the restaurant’s sole supplier of shrimp at above-market prices. And a former hedge fund owner forced the chain to sell off its highly-valuable real estate to a closely-connected company, which leased the land back to the restaurants at much higher lease rates."