Red lobster bankruptcy

Say it ain’t so …

 

I saw that and also find it strangely interesting. I can't stop laughing about endless shrimp.

 

Did their CEO's go to school with the folks that ran Sears into the ground?

 

Sad, we like RL.

 

demographics

I would bet the avg age of a RL patron is 65+.

The younger generations eat sushi not shrimp and lobster.

 

What PE did is common. For example, my old company was family owned and debt free. The PE purchased the company then had the company take out a loan against its assets so that the PE could be paid back.

 

Their biscuits were good

 

Selling stores and leasing back at above market rates is ripe for mischief and kickbacks. Wouldn’t be surprised to see the BK judge dig a little deeper into that if true.

See Mattress Firm for similar shenanigans

Mattress Firm Considers Bankruptcy to Get Out of its Real Estate Scams | Wolf Street

 

I am 65 plus but don't do RL. If I want seafood I go for fresh not long time frozen stuff. Red Lobster is last on my list for any type food anyway. Last time I ate there was the one in Ocala and the shrimp looked and taste like it had been at the bottom of the freezer for a year. My high school girlfriend worked there our senior year and made some good money wearing a pretty blue sailor outfit looking dress that they wore back then.

 

Last time I set foot in one was over 20 years ago. Cest la vie

 

The quality of food declined badly at the one I used to frequent, so I stopped going to it. They had bad overall management.

 

Cheap, nasty farmed Asian shrimp.

 

I guess I should have used that $50 gift card I got for Christmas.

 

I sincerely apologize, y'all. I didn't think that eating 300 shrimp in 5 hours would cause Red Lobster to close. I was just very hungry.

 

more shrimp please....

 

Well the younger generation are dumbasses

 

That was pretty funny . For you !

 

So ????