You apparently missed mine and others previous messages where we said the VC/hedge fund most likely does not own the land. Just about every Red Lobster is in the parking lot of some kind of mall. The land belongs to the Mall owner. Closing the restaurants will yield zero profit for the VC/hedge fund, and could even incur a cost for termination of the lease.
That equity fund doesn’t have enough capital to own the land.
They most likely have between $10-20 billion in assets under their management, with multiple payouts to multiple parties on those assets.
The reason chain restaurants are getting hammered is they were heavily capitalized which led to over expansion during the cheap money era.
This led to saturation and redundancy at the same time the labor pool was tightening.(Better pay & compensation in other sectors for labor.)