The New York Times
As Private Equity Scales Up Small Restaurants, Customers Push Back
In a New York Times story, Columbia Business School's Aamir Rehman, weighs in on why private equity deals to scale up beloved small restaurants are drawing pushback from loyal customers. When the partners behind Los Tacos No. 1, the acclaimed New York taqueria, accepted a multimillion-dollar private equity deal to expand, fans flooded social media with complaints that the business had sold out and would soon decline in quality.