This happens with restaurant franchises. The chain starts usually with the personal attention of the founder. They insist on a level of quality, like Kentucky Fried Chicken. They sell it or die and then the MBAs come in. Hmmm, using these cheaper seasonings could shave a few cents and make us millions more. Bonus! Stock gain! Using lower grade chicken and slightly smaller portions. More savings! Another bonus! Reduce the 10 piece to an 8 piece meal but keep the price. Reduce the seasoning mix to fewer ingredients. Cheaper frying oil. More artificial flavorings. Eventually the quality and amount for the dollar becomes so poor the customers can't ignore it anymore. They stop going, profits drop. Do they improve the product? Hell no! Cut costs even more. Leave the oil in the fryers longer. Reduce staff. Customers drop off even more.
Keep cutting, then sell it to someone with "equity" or "capital" in their name to take a loan out against the company. Pocket the loan. Sell the property to another side company and then make the first company pay rent. Let the company die from debt, fire all the employees, leave debts unpaid and sell off what is left.
