Gotta have a hearty lol at the media blaming the unlimited shrimp. Private Equity bought out Red Lobster and spun-off all the Red Lobsters real estate to another holding company that leased it back to Red Lobster forcing RL to take on debt and spend most of their revenue serving their real estate leasing, causing more debt to pile up. [https://www.eater.com/24160929/red-lobster-bankruptcy-endless-shrimp-closing-locations](https://www.eater.com/24160929/red-lobster-bankruptcy-endless-shrimp-closing-locations)
It’s just another typical Toys ‘R Us story. Even Mitt Romney would be proud for this success story.
AzulMage2020 on
“Lets see…for February that’s 7 hundred pounds of halibut, 400 pounds of graded steak, 200 hundred pounds of shredded lettuce…..and…uh.. why is there a sideways eight for pounds of shrimp????”
bdvfgvvcffc on
Now where do I take my tinder dates?
KryptoDiamomdMan on
The biscuits will save the company
Calls on cheddar bay
ilikepisha on
Buy high, sell low. Make it up in volume. Solid business model.
will650 on
Did these sound like the actions of a man who had ALL HE COULD EAT?
jolly_hero on
Lmao, $284 million in debt and they think it’s the endless shrimp loss of $11 million that killed the company. GTFOH
Life-is-Hard94 on
Bring back Joe’s Crab Shack
Randomly-Looking on
A restaurant offering bottomless anything in a country what’s 40% obese can’t be a winning strategy
NigerianPrinceClub on
i need to go before they all close!
BigWeaselSteve on
It was me. I ate the 11 million shrimp. It was dozens
JarlFlammen on
I’m about sick of corporations “going out of business” and “going bankrupt” except it’s not real and it’s just a corporate shell game where they swoop the money around and then steal it.
And then in the end sell the store back to the same people who were running it in the first place. And nothing happens. And nothing changes, except the company finesse a bunch of money away from the people.
14 Comments
Gotta have a hearty lol at the media blaming the unlimited shrimp. Private Equity bought out Red Lobster and spun-off all the Red Lobsters real estate to another holding company that leased it back to Red Lobster forcing RL to take on debt and spend most of their revenue serving their real estate leasing, causing more debt to pile up. [https://www.eater.com/24160929/red-lobster-bankruptcy-endless-shrimp-closing-locations](https://www.eater.com/24160929/red-lobster-bankruptcy-endless-shrimp-closing-locations)
It’s just another typical Toys ‘R Us story. Even Mitt Romney would be proud for this success story.
“Lets see…for February that’s 7 hundred pounds of halibut, 400 pounds of graded steak, 200 hundred pounds of shredded lettuce…..and…uh.. why is there a sideways eight for pounds of shrimp????”
Now where do I take my tinder dates?
The biscuits will save the company
Calls on cheddar bay
Buy high, sell low. Make it up in volume. Solid business model.
Did these sound like the actions of a man who had ALL HE COULD EAT?
Lmao, $284 million in debt and they think it’s the endless shrimp loss of $11 million that killed the company. GTFOH
Bring back Joe’s Crab Shack
A restaurant offering bottomless anything in a country what’s 40% obese can’t be a winning strategy
i need to go before they all close!
It was me. I ate the 11 million shrimp. It was dozens
I’m about sick of corporations “going out of business” and “going bankrupt” except it’s not real and it’s just a corporate shell game where they swoop the money around and then steal it.
And then in the end sell the store back to the same people who were running it in the first place. And nothing happens. And nothing changes, except the company finesse a bunch of money away from the people.
Yeah that’s my fault. Shit
The ocean rejoices