Explaining how private equity ruins bars from @the.ryanexperience
The creator argues that private equity firms are destroying the nightlife industry. He supports this thesis by presenting two detailed case studies, Hooters and Bar Louie, explaining how private equity's focus on optimizing margins and cutting costs alienated their customer bases and ultimately led to their financial decline and bankruptcy. He concludes by outlining the common warning signs that a beloved local spot has been acquired by a private equity firm.
Creator: @the.ryanexperience on Instagram
Transcript
Private equity is going to ruin nightlife. And if they haven't touched your favorite bar yet, they will. Private equity tends to ruin everything they touch. And the nightlife industry is not immune from its Medusa like gaze. Over the past ten years, private equity has dumped $90,000,000,000 alone into the nightlife industry. And private equity tends to do three things really well. They optimize margins, they cut costs, and they eliminate any soul from a business. Take Better, for example. It was
Topics: Business, Restaurant
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