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Current Events > Is Red Lobster really going out of business?

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RetuenOfDevsman
05/07/24 3:17:23 PM
#51:


One of the many mysteries of the internet is the "every chain restaurant is a disaster except Red Lobster" thing. It's definitely mid-tier among chains. If you were gonna hate indiscriminately with one exception, couldn't you at least pick something else?

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CADE_FOSTER
05/07/24 3:18:01 PM
#52:


tiktok and instagram challenge to go to red lobster and eat as much shrimp as u can def was
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Sun_Xiao
05/10/24 1:16:06 AM
#53:


ClayGuida posted...
Not sure endless shrimp is even a valid reason. Shrimp is insanely cheap. Go to your supermarket, you can get it for like $6 a pound. A pound of shrimp is a fuck ton of shrimp.


Yet, they lost $11 million. Before that, they lost just little over $3 million.
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sabin017
05/10/24 1:25:51 AM
#54:


Cheddar Bye Biscuits
lol

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Kalk
05/10/24 1:27:15 AM
#55:


Just stop offering endless shrimp if that's what is driving you out of business. lol

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Guide
05/10/24 1:38:54 AM
#56:


Far better small biz joints around for far cheaper, and those biscuits are at the supermarket. No loss.

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divot1338
05/10/24 2:18:15 AM
#57:


ClayGuida posted...
A pound of shrimp is a fuck ton of shrimp.


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Beveren_Rabbit
05/10/24 2:32:24 AM
#58:


why did it stop being a family friendly seafood themed restaurant and became a fine dining seafood restaurant?

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DnDer
05/10/24 3:24:07 AM
#59:


CADE_FOSTER posted...
To raise enough cash to make the deal happen, Golden Gate sold off Red Lobster's real estate to another entity in this case, a company called American Realty Capital Properties and then immediately leased the restaurants back.

Isn't that how Toys R Us died? Forced to rent their own property because venture capital bought and sold it to itself?

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LeoRavus
05/10/24 3:36:01 AM
#60:


I've been there twice and didn't like it either time. Food was so bland. I doubt any of it is quality ingredients.

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HentaiMan
05/10/24 4:22:36 AM
#61:


LeoRavus posted...
I've been there twice and didn't like it either time. Food was so bland. I doubt any of it is quality ingredients.
Rotting Lobster

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Serious_Cat
05/10/24 5:48:49 AM
#62:


Chapter 11 is a restructuring plan to repay creditors while staying in business, so no, they're not planning to close at the moment.

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