Everything looks like a failure in the middle. Everyone loves inspiring beginnings and happy endings; it is just the middles that involve hard work." Kanter's Law
The most difficult part of struggle is not seeing the big picture. Carol Trice explains how private equity firms have jumped on struggling chains in search of huge profits.
When brand-name restaurant chains are losing money, private-equity firms begin to salivate. The down economy has laid a feast for these acquisition players, which have bid recently on eateries from upscale to pizza take-and-bake chains. If the acquisition price is right and investors can improve performance at these eateries, investors could reap big profits reselling when the economy turns and restaurant sales improve.
