Private equity groups may be hurting U.S. restaurants.
This week’s episode of the Restaurant Business podcast “A Deeper Dive” features Joel Silverstein, the founder and CEO of East West Hospitality Group, who speaks on private equity in the restaurant business as well as international development.
Silverstein is a former CEO of Outback Steakhouse in the Asia Pacific and has worked with numerous companies in international markets. He is now a consultant with restaurant companies in every sector.
He discusses issues related to international development, and why it’s difficult for some companies to expand outside of the U.S. But he also talks about the impact that private equity is having on U.S. chains, particularly when it comes to the amount of leverage they put on their companies.
Please have a listen.