Do You Know Who You’re Eating
The average American eats out five times per week, which adds up to about 260 restaurant meals in a year. While we’re very familiar with the restaurant brands we choose to dine at, do we know who actually owns these chains? For instance, a quick trip to Arby’s is actually a visit to their parent company Inspire Brands, which is owned by an even larger holding company called Roark Capital. But I guess it wouldn’t be as enticing to hear, “Roark Capital . . . we have the meats”, right?
To help sort out who owns who in the restaurant sector, Business Insider has compiled this interesting infographic.
The main reason so many restaurant chains are now owned by mega holding companies has to do with cost savings. It’s getting more expensive to run a restaurant than ever, so consolidating the back ends within a parent company can still allow these chains to thrive.
I’m just happy we don’t have to visit a Golden Gate Capital location (aka Red Lobster) to get my next cheddar bay biscuit fix!