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Subject: Red Lobster Circling the Drain - Files for Bankruptcy
Written By: LyricBoy on 04/17/24 at 5:29 am
Looks like the purveyor of succulent seafood, Red Lobster is considering to file for bankruptcy. :-\\
https://www.foxbusiness.com/markets/red-lobster-considering-bankruptcy-filing-report
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Subject: Re: Red Lobster Circling the Drain
Written By: LyricBoy on 05/14/24 at 5:13 pm
It’s getting real, folks. Red Lobster is liquidating more than 50 of its outlets. :\'(
https://abcnews.go.com/Business/wireStory/red-lobster-closes-dozens-locations-us-months-after-110223369
Subject: Re: Red Lobster Circling the Drain
Written By: Howard on 05/15/24 at 6:43 am
It’s getting real, folks. Red Lobster is liquidating more than 50 of its outlets. :\'(
https://abcnews.go.com/Business/wireStory/red-lobster-closes-dozens-locations-us-months-after-110223369
With all the closing of Red Lobsters, they should at least give away free food, all you can eat shrimp and seafood.
Subject: Re: Red Lobster Circling the Drain
Written By: LyricBoy on 05/15/24 at 9:12 am
With all the closing of Red Lobsters, they should at least give away free food, all you can eat shrimp and seafood.
Apparently their “all you can eat shrimp” is one of the things that got them into financial trouble from what I’ve read.
I have a buddy that if he goes to an “all you can eat” joint, he’ll eat until he gets sick. 🤢
Bonanza Steakhouse used to have a “shrimp and all the steak you can eat” special, and you don’t see too many of them in business anymore. :-\\
Subject: Re: Red Lobster Circling the Drain
Written By: Howard on 05/15/24 at 2:18 pm
Apparently their “all you can eat shrimp” is one of the things that got them into financial trouble from what I’ve read.
I have a buddy that if he goes to an “all you can eat” joint, he’ll eat until he gets sick. 🤢
Bonanza Steakhouse used to have a “shrimp and all the steak you can eat” special, and you don’t see too many of them in business anymore. :-\\
Sizzlers back in the days always had those All You Can Eat buffets and Our Family almost all the time went to those and we gorged ourselves in those breakfasts and dinners.
Subject: Re: Red Lobster Circling the Drain
Written By: LyricBoy on 05/20/24 at 5:22 am
Red Lobster officially filed for bankruptcy this weekend.
https://www.msn.com/en-us/money/companies/red-lobster-seeks-bankruptcy-protection-with-100-million-in-financing-commitments/ar-BB1mHzKj?cvid=e896cde6808a4a81999cde0cd655abea&ei=33
I’ll change the thread title to reflect the current situation.
All is not lost though. Apparently a deal is in the works for the company’s lenders to take over and continue operations. :)
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