Meaning of the word "under the new management" in English

What does "under the new management" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

under the new management

US /ˈʌndər ðə nuː ˈmænɪdʒmənt/
UK /ˈʌndə ðə njuː ˈmænɪdʒmənt/
"under the new management" picture

Phrase

being controlled or organized by a new group of people or a new leader

Example:
The restaurant has improved significantly under the new management.
Many changes are expected under the new management.