What REALLY Killed Red Lobster

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Seafood chain Red Lobster has filed for bankruptcy after an unfortunate series of events that dwindled earnings. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Your Support is Crucial to the Show: tyt.com/team
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"Red Lobster, the largest seafood restaurant chain in the U.S., filed for bankruptcy after failing to recover from dwindling traffic it suffered during the pandemic as menu prices crept higher. An unlimited shrimp deal also took a bite out of earnings.
The chain plans to sell its business in the bankruptcy process, with lenders led by Fortress Credit designated as the bidder to beat. It also plans to reduce the number of restaurants it operates."
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Опубликовано:

19 май 2024

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Комментарии : 3,5 тыс.

@jakkimanzitti5031 29 дней назад

Same thing that kills every business in USA. The top brass got overpaid, over vacationed & over perked while the regular staff got underpaid, no vacation and definitely no perks! Greed runs it all into the ground.

@antclerfont8478 29 дней назад

Baked in Model.

@BobZombie8806 29 дней назад

And it’s glorious

@RailpaxScott 26 дней назад

No wonder Red Lobster workers cared nothing about customer service or quality. Dirty restaurants as well.

@gabrielsamson-ed4eg 25 дней назад

Satan the devil love his followers, evil attitude.

@Kuzey457 24 дня назад

The oxymoron of "success."

@celieboo 29 дней назад

"They sold it to a private equity firm. . . ." And there you go, folks. Private equity buying any business will be the death of that business.

@kellygreenii 29 дней назад

Which is why they used to be called “corporate raiders” back in the 80s. They are never looking to improve a business. They look for business that are undervalued. They swoop in, strip out any capital assest, sell them off….then load the company up with debt. Give themselves massive checks to extract that wealth…then discard the husk. Rinse and repeat. They have been the death of many a well-known and (previously) well-run business.

@noel7777noel 29 дней назад

Yeah, forth-party leveraged is a banking fraud. The rent ends up being "market value". AKA an economic bubble.

@justinhensley4041 23 дня назад

I have NEVER been to a Red Lobster and it be PACKED and CROWDED of customers. Private equity isn’t killing them. Lack of sales is. If your business is a ghost town, you shouldn’t be in business.

@kellygreenii 23 дня назад

@justinhensley4041 That’s what private equity does. It extracts all the value out of a business, by loading it up with debt…cutting costs. So the customer experience deteriorates and the business slowly dies. Which is why they used to be called “corporate raiders”.

@user-eh3fe9dv7v 28 дней назад

I used to service Red Lobster for years on the distribution side. It was a very difficult account to work with and most employees hated it including me. It does make me sad to see them decline because growing up Red Lobster was respected by almost everyone as way to experience seafood without going to an east coast city. The private equity sale was a predetermined death for them. Private equity firms are the devil in a business suit.

@justinhensley4041 23 дня назад

No what killed Red Lobster is them being empty. I have never been in one and it be packed and thriving. You can’t run a business if you’re getting zero customers. It’s basic economics.

@jeremymoser7754 27 дней назад

The Corporate raiders ran the business into the ground and then blamed their customers for their failure.

@hooplawithbilliesue8143 29 дней назад

That's how private equity destroys a brand named company. Steal all the real estate and run with the money.

@kenofken9458 29 дней назад

They're predators and scavengers. They create no value.

@noel7777noel 29 дней назад

The math scam. My rent is "market value". My landlord has a third-party, not-for-profit mortgage. And rents to me a cognitive dissonance of a for-profit banking system. Basically, I pay my landlord's mortgage for him. Basically, my landlord is the forth-party banking criminal. I can't exactly get a mortgage myself. My landlord has the property held hostage. A four party banking scam. Because. Technically, all weath is leveraged. But four parties leveraged is where the scam lies.

@greenjelly01 27 дней назад

We need an app that announces every private equity takeover, so we can immediately start avoiding that business.

@kenofken9458 27 дней назад

@@greenjelly01 If we avoided all of those businesses, we'd be left drinking water from puddles and making our own loin cloths from animal skins.

@greenjelly01 27 дней назад

@@kenofken9458 Not really. There are plenty of publicly traded and local mom and pop stores to go to depending on your preference. We need to make these private equity hawks realize there is no profit in buying businesses and running them to the ground.

@mamatrain100 29 дней назад

The instant you said private equity I knew everything I needed to know.

@JoaqMan 29 дней назад

It’s what killed Sears amongst other notable chains

@erich6860 29 дней назад

Same. I saw a few conversations on tik tok about it... I said. "It cannot be one bad promotion, there is something else".... And there was. LOL

@ytechnology 29 дней назад

@@JoaqMansame with Toys R Us.

@TheTruthDragonNJ09 29 дней назад

@@ytechnology AND KB Toys.

@JimmyJohnson-uq6um 24 дня назад

Over Priced. Corporate greed is what is destroying this country.

@OhNotThat 27 дней назад

Surprised they didn't claim it was shoplifting for their business failing. Which is the usual go to excuse for business incompetence and/or equity firm raid and plunders

@jacobhholt 29 дней назад

What ended Red Lobster? Giving away the "secret CrabbyPatty formula" to their butter garlic biscuits.

@BillCarson-zn9gx 29 дней назад

Crab meat. Mr. Krabbs is a homicidal cannibal

@cydonia3167 29 дней назад

When private equity gets involved it's only a matter of time before the business is pillaged and left for dead. RIP Red Lobster.

@justinhensley4041 23 дня назад

Has nothing to do with private equity and everything to do with running a poor business. If you have no customers and your place stays a ghost town. That’s not private equity fault. That’s your fault. You have to have customers.

@user-jt7bx3ek8w 19 дней назад

@@justinhensley4041 they are the quik money of the financial system. funny thing is they (private equity) are horrible at what they claim to do. financial system is full of scam artist and questionable business practices draped in emerging market language

@ramonalee1 26 дней назад

Prices went way up, quality went way down. I’m not surprised.

@johnpatrick5297 28 дней назад

When you walk into a Red Lobster and there’s dim lighting…turn around and leave

@montanaminck2226 28 дней назад

And IT ALWAYS SMELLED ,LIKE A SOUP OF GOD ONLY KNOWS, OF DISGUSTING OLD TRASH CANS

@shaunsides5152 29 дней назад

Private equity firm Translation: "we'll be bankrupt in ten years or less"

@londamull7501 29 дней назад

They do this same thing with nursing homes. They buy them and sell all the assets, then lease the land and buildings back. Eventually, the nursing homes can't afford it and go out of business, but the investors still own all the assets and because they are a separate entity, the investors just walk away with all the assets. This should be illegal.

@lhndz16 29 дней назад

DEFINITELY! This should NEVER be allowed!

@saratemp790 29 дней назад

I wonder what kind of law they could write to prevent that. Maybe they have some kind of five year lease on the rent. They don't get the quick sale that way.

@nightfall3605 29 дней назад

Same with hospitals. And if one goes out of business, it just drives business to the others they own in the area. No cost to them if more people die in ambulances because the drive is longer.

@moonlit85 29 дней назад

Good. Because otherwise homes wouldn't exist in the first place. Nursing homes are a failing business model. It isn't sustainable, selling a unit in a nursing home w/fixed costs.

@nightfall3605 29 дней назад

@@moonlit85 your argument is flawed because private equity didn’t start them “in the first place”. They buy up successful businesses (some not-for-profit) and then take advantage of these people’s situations (under contract, no where else to go) to squeeze the maximum profits from them. THAT’S what is unsustainable.

@Milaperadotti 28 дней назад

It’s too expensive to eat out anymore. It’s ridiculous.

@Fruit17-ip4vl 28 дней назад

You are right! 😎

@JMPulido55 28 дней назад

The expensive lobsters they served were so small that they looked like Crayfish.

@RodT87 29 дней назад

Whenever you hear private equity bought a company you can look for people to be fired and companies to close. Its what they do.

@justinhensley4041 23 дня назад

Maybe because the places they buy tend to be DYING. Red Lobster has been a ghost town the past years. I’ve never seen my local one really packed. It’s nobody’s fault if you get zero customers. You need sales to stay alive. No need to blame private equity for that.

@andrethegiant2877 29 дней назад

I can tell you what happened, restaurants got way too expensive so we learned how to cook. Same with bars. Perhaps you could lower prices instead of raising them....

@Hathur 29 дней назад

I can either A) Go to a burger joint, spend $10 on large quality burger.... or B) Buy ground beef at the supermarket and make 9 to 10 LARGER burgers at home for the same price (sometimes nearly double that amount when I can find ground beef on sale for a good price every couple months). Yes, it takes a bit of time to make, but I have saved a couple thousand dollars over the past few decades by doing this. And there are countless good recipes, I'm no chef, I just find great recipes online and they make it easy. I can spend 30 to 40 minutes on a weekend and make 20+ beef burger patties, store them in the freezer and make burgers for the next month or 2. Total cost is like $20, plus a little extra for the bun / bread (I use whole grain bread, not buns since white bread is garbage). Meanwhile that same amount of burgers would've cost me $200 at a burger joint.

@alfx5432 29 дней назад

I stopped going to bars so long ago, not worth the chances of getting a DUI , The Police State we live in now is killing Restaurant and Bars I'm suer. It's all about money.

@ilikeducksable 29 дней назад

Restaurants don’t have higher prices just because they feel like it, they suffer from inflation (food costs, labor costs, leasing costs, etc). Complaining that restaurants are more expensive is like complaining that your paint is peeling when it’s because your home is on fire.

@martingallegos1250 23 дня назад

I think it was their employees that all they want to do is ignore the customer and be on their cell phones

@lynnettep2452 21 день назад

every time I ate red lobster I always had stomach issues right after.

@tammileroux3329 29 дней назад

More evidence of bad corporate management

@NoWay1969 29 дней назад

Who ate at Red Lobster? The working and middle classes that are disappearing. The casual dining restaurants were the "nice place" to eat on payday for the middle class and the occasion place to eat for the working class, and those groups aren't eating out as much. Fast casual also has started eating into casual dining from the bottom. 5 Guys is cheaper than Red Lobster.

@legrandfromage6450 29 дней назад

You hit the nail on the head. I'm sad about this, not so much because of the place itself or the food, which, (let's face it) was nothing special. Just remember family gatherings there, especially with my grandparents.

@chasingfinancialindependence 23 дня назад

They haven’t painted the full picture here. I worked from Red Lobster off and on for about 18 years. When I was in high school the chain was about to go bankrupt which is why it was sold in the 90s. Then there was the endless crab debacle in 2003. All of the higher ups that made that decision were fired because the company was hanging on by a string. Next up, Darden decided to get rid of the chain because it hadn’t been profitable for years and Olive Garden and other concepts were carrying the chain. The 2014 deal was terrible, but there is so much more to the story. Red Lobster appeals to Baby Boomers and low income diners. If you complain about something, you can get your entire meal for free. Fan favorites like crab Alfredo and the Ultimate Feast have been axed and replaced with cheaper, not necessarily tastier options. Tables can’t turn when people are sitting for hours eating plates of shrimp, and the cost of the Endless Shrimp is much less than the average price of an entree. Free biscuits and all of the low budget promos have done the chain in over the years. The private equity firm was the last straw, but they’ve been on this path for decades.

@thatguyjoe007 21 день назад

TYT decided to get out of politics. That was a smart move.

@dclaet1135 29 дней назад

Red Lobster was legitimately good in the 90's. Just about every popular chain restaurant back then from TGIF to even fast food places like Taco Bell has gone to hell since then. Cutting corners left and right, has left Red Lobster a shell of its former self. No pun intended.

@justinhensley4041 23 дня назад

Taco Bell hasn’t gone to hell. They still remain popular as ever. Just because you don’t like it, your opinion doesn’t matter. I see Taco Bell’s staying busy. You wanna talk about dying fast food places, look at Burger King, KFC, Long John silvers, Subways. Those stay empty.

@dclaet1135 23 дня назад

$6 Unfortunately, there are a lot of people out there who don't understand the argument of voting with their wallet.

@MastersReMASTER 29 дней назад

This whole video could be summed up as, "Red Lobster went bankrupt because of bad business practices." it wasn't the publics' fault.

@justinhensley4041 23 дня назад

Actually it is the public’s fault. Funny how everytime I go to Red Lobster it’s empty. But I go to Texas Roadhouse or Applebee’s it’s packed. If nobody goes to your business you will go OUT OF BUSINESS. It’s basic economics.

@MastersReMASTER 23 дня назад

@@justinhensley4041 That’s a very basic way to look at it but ok. Your experience at red lobster is reflective of every Red Lobster in America, which makes your point true! Oh goodness me🙄

@justinhensley4041 23 дня назад

@@MastersReMASTER Sometimes the reality is very basic. I’ve never seen a thriving company with a lot of sales go out of business. It’s always the ones that nobody goes to.

@bl3343 28 дней назад

Wait, Red Lobster was sold for half of what Marvel sold for?! No way Red Lobster is worth that much.

@MrAlexanderTheG8 26 дней назад

Red lobster has been on the decline for years. It went from being one my favorite restaurants since I was child to a place I barely recognize. The food is very salty and leaves you feeling bloated after eating. None of the fish, shrimp or lobster seems fresh, and with our oceans being polluted, I’m sure if it was put under a microscope, none of us would eat it. I’m not surprised to see this, and olive garden, Applebee’s are probably not to far behind!!

@paulkersey724 29 дней назад

Anyone remember sizzler? They were better than red lobster back in the day. They were bought out and lowered their quality drastically. People stopped going and they eventually closed their doors. I honestly dont know how red lobster has managed to hold on this long. They have sucked since at least 2014.

@dclaet1135 28 дней назад

I used to love that place. Sad times how it went downhill and eventually closed.

@davidwilliams1086 29 дней назад

Greed Killed the golden goose.

@SlikLizrd 29 дней назад

YEP. And the Golden Corral, too !! 😁

@justinhensley4041 23 дня назад

It’s not greed that killed it. It’s them not having any customers lmao.

@RailpaxScott 26 дней назад

Lousy quality, high prices, miserable customer service. Red Lobster started its decline years ago.

@ronberman8947 27 дней назад

When the 3 richest families own more wealth than the bottom 50%, this is what happens. People have no disposable income to go out and eat!!

@scotshabalam2432 29 дней назад

Reminds me of that part in Goodfellas where the mobsters get a restaurant, plunder it until they can't make anymore money and then burn it down for the insurance.

@Citizen_GE 29 дней назад

I haven't been to Dead Lobster since the late 90's because the last two times I went there I got food poisoning.

@gregeoryl 26 дней назад

They evolved into a frozen reheated TV dinner restaurant. Olive garden is frozen, also, but it works better with pasta.

@sondraoppedisano9440 28 дней назад

What ultimately brings down a business? GREED Go check any business story and its all the same. GREED.

@jonathanwessner3456 28 дней назад

Cutting costs to make more money at the cost of being able to take care of business. Then they say "we were on slim margins! Well, you didn't have to be

@jaredrivera2619 29 дней назад

Read: greedy corporate goons make terrible business decisions that kill company; affecting thousands and face no consequences.

@boristheamerican2938 29 дней назад

you forgot to add then blame workers and Biden.

@ajosephbaumhauer4071 29 дней назад

This is how they killed Sears. The Equity Fund got rich and everyone else lost

@justinhensley4041 23 дня назад

Not even close lmao. What killed Sears is not doing anything to draw customers. If you don’t bring customers you are going to shut down. They lost to Walmart. And the online shopping market didn’t help as well. Thats why those businesses fail. Why shop at Sears, when I can go to multiple cheaper better places?

@stevenmoomey2115 27 дней назад

“A Private Equity Firm.” How many times has a company gone Bankrupt, after a Private Equity takes over.

@Kissfan96dr 22 дня назад

In the 1990s Red Lobster was my favorite restaurant. ate there probably once a month. Last visit was 2013. Super high bill (~$125 to feed 2 adults and 3 kids) plus very low quality food and smaller portions. That was it. Done.

@projectgraham414 29 дней назад

Wow this is dirtier than I thought. F private equity firms. I've hated them since Cerberus bought Chrysler years ago, and I was working at a Dodge dealership.

@horacio-ho3bf 29 дней назад

Farmed Asian breaded shrimp is like eating the detris from Fat Bastard's belly folds

@joemartino6976 28 дней назад

Billionaire Eddie Lampert did the same thing with Sears/K-Mart in their end stages of existence. He bought the chains looking at the value of the and on which the stores sat more than anything else. He had no real interest in investing in the brand's future. Vulture capitalism at its worst.

@dallwthibodaux4420 24 дня назад

The quality of their food is not what it once was.

@gregstevens2917 29 дней назад

This sounds like the same shit that happened with Toys 'R Us. It's a predatory practice. It's easy to hate on RL, but the food wasn't terrible. It was just a bit antiquated. But being antiquated isn't why it's where it is now. Lots of things are antiquated that are still in business. They just haven't been cannibalized by private equity firms...

@patpowers9210 29 дней назад

We stopped going because their seafood just plain sucked. It was badly cooked and either flavorless or kinda rotten tasting. The restaurant had a run-down feel to it. That's our local Red Lobster. Not sure of others. But what happened to our Red Lobster does kinda match the enshittification you get when holding companies buy out actual companies and run things into the ground. Gonna miss those biscuits. Nothing else.

@armaan8463 29 дней назад

U just described my local Red Lobster.I think poor Quality is every where with this food chain

@thomashunter5645 14 дней назад

Lobsters are celebrating the demise of the Red Lobster.

@RAZR_Channel 14 дней назад

Ya... What about the little Red Lobster in The Little Mermaid... He was.. The Life of The Party... Under The Sea... Under The Seee...

@nedsantos1415 28 дней назад

Anyone else thinks that Thai company is like a vampire that sucked Red Lobster dry and dumped it?

@seventybuick 29 дней назад

If you sell shrimp, unlimited shrimp and being the only supplier is a good way to sell more shrimp for the supplier, but puts the restaurant out of business.

@PhilipDeLamarter 29 дней назад

Never could get past the smell. Like something else I can think of.

@georgeglass3680 29 дней назад

@@PhilipDeLamarter Free advice: Stop getting both out of the trash.

@gregdcross 29 дней назад

I'll admit I hadn't been to a Red Lobster in nearly 40 years. Many don't realize chain restaurants get their proteins delivered frozen and all of their sauces made in big factories and even their biscuits delivered frozen. They defrost everything, heat it up and serve it to you. Even if the restaurant is located right next to the docks. I can run to any grocery store and do that at home and not have to deal with poor service. Lastly, the beginning of the end was selling out to a private equity firm. Doing such is how Red Lobster took the money to stop the bleeding and passed it on to someone else for them to try to squeeze the remaining value out of it. The real cause was not enough customers saw value anymore and dined somewhere else.

@cmack7281 23 дня назад

Red Lobster should've brought their shrimp from Bubba/Gump Shrimping Company 🍤⛵😁

@robertwhite3992 24 дня назад

So bottom line corporation gouging and greed hits again.

@cvtemgrapes207 29 дней назад

Is anyone (other than the now-unemployed workers) going to miss The Red Lobster and it's overly breaded shrimp. The bigger problem is private equity firms that suck out all the value of companies and spit out the carcas of the business.

@MrPrincepop 29 дней назад

Haven't been 'Red Lobster' for decades. Kind of fell off around the 90's for me. Besides, living near the Cheasapeake Bay we have a lot of seafood establishments that are much better due to using local sourcing. Seasonal, but worth it. We tend to stay away from the cheap, tasteless farmed raised imported seafood. It's like choosing a Popa Johns operating in NYC, why the f*ck would you eat their pizza over some of the best known mom & pop pizza in the NYC area? Private equity investment partnerships operate like the mob, they squeeze it for every penny before busting it out completely.

@Sh1tfaceMagee-db3px 29 дней назад

Yup, can second this, living in the UK it is EASY to read a label to check the origin of chemical pond produced thai type farmed prawn / shrimp, ..we are a sea surrounded island with good north atlantic produce which is nigh on "doorstep" (by comparison) & tastes great, cannot understand the zombie minds that buy frozen prawns from abroad in places like our frozen food chain "iceland" & asda ( ex-walmart) for example

@stevenj9970 24 дня назад

1. Lower standard food quality. 2. SMALL portions. 3. WAY too expensive what you are getting.

@chareeve8147 24 дня назад

Endless Shrimp, Reminds me of Blockbuster no late fee.

@user-gy5qp9kf1n 29 дней назад

Any time anything is touched by a private equity firs(s) DIES

@amwerner1 29 дней назад

Selling debt is always a red flag.

@vanessajones3508 29 дней назад

I know that the quality of the food there was not the same when I was there in 2022. Lobster can be cooked at home. When private equity firms get involved, the company bought is usually put out of business.

@peryole 29 дней назад

EXACTLY

@ronnieterry4916 25 дней назад

The restaurant pays some of their managers too much money the restaurant has always attempted to intice customers into drinking a large amount of alcohol. Most customers have stopped over indulging in alcohol. Eating and drinking habits have changed at many of the restaurants.

@EQOAnostalgia 28 дней назад

Last time i went to the local Red Lobster was my birthday around 2016... it was AWFUL. The crab was waterlogged, the "salad" they served LITERALLY was just lettuce. . . NOTHING else lol. It was a far cry from the place i remember just a few years prior. They went down hill massively in quality.

@omnigladius999 29 дней назад

My restaurant got shut down. I was at the Georgia Roswell location and they shut us down the day after Mother's day. no warning.

@auroraRealms 29 дней назад

Wow, so the Oligarchy just swept in and stripped the Company of all its cash assets. What could possbibly go wrong? Yep thats Bain Capital, Mit Romney, 101. I guess the US really is good at teaching companys in other countries good business practices. And this is why we can't have nice things.

@RobRoss 23 дня назад

Promotions like these try to trick customers but the tables got turned on Red Lobster. They calculated that if customers had 2 plates or less they would make money. This is America. People are going to force themselves into gluttony for $20 all-you-can-eat shrimp. They should have reasonable constraints, like “all you can eat in 2 hours”, or similar. There are stories of customers spending over 4 hours, and taking a nap at their table, while eating 10 or more plates of shrimp. That’s just ridiculous on both sides of the table.

@JolietJake2112 29 дней назад

The Middle/upper Middle Class doesn't exist in America anymore.. so why should their restaurants still exist??

@ryannewman4412 29 дней назад

Im a commerical fisherman. I tried to eat there multiple times but the food was so disgusting I couldnt even take a few bites. This is bad, gross low quality seafood

@Brodragon2225 29 дней назад

why bro

@traybern 27 дней назад

Which SHOWS how LOUSY YOU do YOUR job!!!!!

@jonathonbaker-guntang4163 25 дней назад

I was a waiter there when we were forced to take all those tables. Went back to the normal sections but I had already been turned into a raging alcoholic from stress and ultimately left without notice. WAY too much to deal with! TOO MUCH!

@darleneantal4477 25 дней назад

So true!!

@cmphighpower 24 дня назад

Private equity firms are absolutely the most predatory companies

@jasonamaral7568 29 дней назад

Who cares? As a New Englander I can tell you unequivocally it's trash seafood.

@jacobzindel987 29 дней назад

As an Alaskan, I agree.

@metadegen 29 дней назад

As is your weather lol

@jasonamaral7568 29 дней назад

@@metadegen we still have real seafood, so there's that. 🤷🏻‍♂

@TheAwesomeYouTuber1 29 дней назад

This is what are the symptoms of profit over people here in America.

@youbadolivez 21 день назад

I'm 51, and I've never eaten at Red Lobster or Olive Garden.

@BalakeHart-nh4xh 26 дней назад

High prices, lame smaller portions, tiny shrimp, and not so good service..I can cook much better for 1/3 the price..

@sneifert1968 29 дней назад

as soon as you said, sold to a private equity firm, that’s all I needed to hear. I knew how the story was gonna end.

@ConsciencepartyUSA 29 дней назад

I just don’t understand why can’t rich ppl understand in order for them to be rich their workers have to be paid fairly as well? There’s the saying what goes around comes around for a reason right?

@twilightgardenspresentatio6384 29 дней назад

Yup

@legitdragon6202 29 дней назад

Capitalism has transformed from an idea of thriving off great products/service, to being about obsessively trying to bleed every last penny dry by cutting corners, predatory practices, and aggressive price gouging.

@stevevanscoik398 25 дней назад

While it's a shame what the private equity firm has done to Red Lobster it is a crime what they have done, the same thing, to nursing homes.

@MrTommy0326 22 дня назад

I'm going to miss Red Lobster Restaurant. The seafood was awesome.

@georgecostanza2695 29 дней назад

That is terribly disappointing news, they’re one of my favourite restaurants of any kind, at any price. Speaking of which, I just had Red Lobster in Miami a couple weeks ago, and I don’t think their prices have changed for decades. Why don’t they try adjusting their prices; they could bump them 50% and it’d still be a great deal for the quality of food they serve. Regardless, I’d way rather pay a premium than never being able to have Red Lobster cheddar biscuits and shrimp linguini again.

@MrMightyMido 29 дней назад

100% and I am all the way over in the ME, wonderful chain - amazing food and really good prices #SaveRedLobster

@1011skarn 29 дней назад

Can confirm, the wealthy piece of trash at the top destroyed Sears, a once beloved American Retailer. Sears was Amazon before Amazon was Amazon. They built homes, garages, fences, all your tools, appliances, clothing...... AND THEY OWNED THEIR STORES. ZERO RENT. And yet, A LOT of rich people got richer, and when I managed there, we had more registers than cashiers. Could not possibly keep up with cleaning the store with the skeleton crew we had. That was late 2000s. I got out in 2013, and by then the Death March had begun. In the end, people who worked there for decades lost their jobs and pensions, and some hedge fund bitches walked away cleanly.

@moderndaycaveman2519 25 дней назад

Not putting enough food on the plate. 🥘 How can it be “Endless Shrimp” when after your initial selection, they barely bring you out 6 lukewarm shrimps. It literally takes them 30 min. to bring out additional shrimp The Lobsters during Lobster Fest look like two midsize prawns. Then they started being cheap and only bringing out a limited member of Cheddar Baked Biscuits

@CharleyHull-dn6nh 3 дня назад

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

@BradPaisley56 3 дня назад

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

@fawnriverpuppyservices76 3 дня назад

Keeping money in the bank is like paying banks and the Govemment. Here's how it works: The bank gives out your money as loan, and charge interest obviously higher than inflation rate, and then give you, the depositor, interest lower than inflation rate. That means net loss for you. That is why I prefer to invest, and on average, my advisor makes returns that always beats inflation!

@EstefaniaWalter66 3 дня назад

To be honest, I've been wary of banks for a while, but I wasn't sure how to speak with an advisor first. Please let me know who your adviser is if it's okay; I need some recommendations.?

@fawnriverpuppyservices76 3 дня назад

Melissa Jean Talingdan a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@EstefaniaWalter66 3 дня назад

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

@BookerT1 29 дней назад

This is the ugly side of capitalism

@thisbushnell2012 29 дней назад

It's only one facet of the ugly matrix that surrounds it.

@fdfischer 29 дней назад

So Private Equity strikes again?

@robertwilson8789 25 дней назад

They let far too many 'Homer Simpsons' in .It should have been obvious that they could never support tens of thousands of Homer Simpsons .

@zzzT. 25 дней назад

😅👍

@Liz-wz8dh 24 дня назад

Red Lobster hasn't been good in so many years. I cannot remember the last time I went in one but I remember the seafood pasta was so terrible I did not go back.

@ksandhoff1 23 дня назад

YEAH I COULD NOT EAT IT, HAD TO SEND IT BACK, YU

@maxalberts2003 22 дня назад

@@ksandhoff1 Me too.

@davecurry5604 29 дней назад

Private equity firm = open for 5 to 8 years then liquidated

@emanuelmartinez7267 29 дней назад

Not the cheddar biscuits!!!! 🥺

@dreamyx01 19 дней назад

Red Lobster’s food was expensive but trash. Expensive for no reason and the quality of food wasn’t good. I’ve been saying that for years.

@slackerman9758 22 дня назад

The point of that deal was to extract money to Thai Union, pre-bankruptcy. They figured out their equity stake wasn’t worth much anymore, might as well extract as much cash from self dealing.

@upsetuloss 29 дней назад

RIP Redlobster, they made alot of families come together for memorable experiences.

@shadowjudge921 29 дней назад

I've only ever been there a few times, but the most memorable was for my mom's birthday back in 2014. She wanted one of the fresh Maine lobsters they keep in the tank near the entrance, but she was having trouble walking at the time so she asked me to go and pick one for her. I picked out this mammoth lobster sitting the corner of the tank. When they'd cooked it up and served it to her, I swear her eyes nearly popped out of her head. She said "I wanted a lobster, not a sea monster!" I laughed so hard, other customers thought I was having a breakdown.

@Jman926 29 дней назад

Red Lobster is the new Long John Silver's.

@Al_Idrissi_ 27 дней назад

Eating out became so expensive now that people are avoiding it. That's all

@bossybudgeternarctalk3458 17 дней назад

I started cooking meals at home. Works like a charm. Dining out has gotten too expensive.

@laverdadescatolica5 16 дней назад

How dare you? It’s people like YOU that are messing it up for the rest of us 😀

@tranger4579 13 дней назад

You communist 😂 It's not the American way!

@gunsumwong3948 29 дней назад

Sound the typical American business model. Everyone is in to squeeze money out of a viable business until it is totally dead.

@dwave81 29 дней назад

Over priced, mediocre seafood, terrible service.

@armaan8463 29 дней назад

U forgot undercooked

@Bobrogers99 22 дня назад

The purpose of "private equity" is to make profit, not to sell seafood. They took their profits and then dumped the chain.

@keithstump1712 14 дней назад

Thank you, greedy executives!

@desecration171 29 дней назад

That's what happens with all businesses. They keep expanding until they become too large to manage or too stagnant to remain profitable. I don't know what part of economics that these people don't understand. You can't expand and profit forever. Eventually you plateau.

@legitdragon6202 29 дней назад

"I blame millennials for not wanting to go out and buy our over-priced, low quality food" - Someone out there

@Lenin-cq9ol 29 дней назад

😂

@jimbobrobertson3285 9 дней назад

If Red Lobster is Low Class, then what the fuck is Long John Silver?

@John-PaulHunt-pv6ol 8 дней назад

NO CLASS.

@joemartino6976 28 дней назад

I worked on the Red Lobster advertising account some years ago. To clarify on the "Endless Shrimp" deal....the chain had a promotional calendar that covered 50 weeks a year. In other words, there was always some sort of promotion going on. Also, fully one out of every three customers came in the restaurant with a coupon. The most popular promotion was "Lobsterfest" which the chain used to close out the fiscal year ending in March. All that said, seafood is a difficult commodity to handle, especially when compared to its former corporate sister, Olive Garden, and its pasta-oriented menu. Yes, the margins became more difficult in the seafood world, which is precisely why it was a bad idea to sell the land and burden the stores with additional overhead in the form of a leaseback.