Red Lobster Files For Bankruptcy

Their endless shrimp was a joke when I got it. They could only bring out two skewers at a time, then they would take your order for two more. You then waited for quite a while for your next two. If I would have stayed there until I was full of shrimp idk how long I would have been there.

 

They're endless shrimp was supposedly what killed them , lost lots of money . Shrimp from a company that invested in them was dumping cheap uninspected shrimp and gouging them on price . Btw wendys coming out with 3$value breakfast deal to compete with McDonald's 5$ slop , ahem , value meal . Come to McDonald's where you can read a newspaper thru our beef n soy patty lol

 

How private equity rolled Red Lobster

 

That's just blame shifting. The simple fact is if the company had been run profitably it would still be around.

 

The Onion nailed it on this one:

Bankrupt Red Lobster Runs All-You-Can-Grab Copper Wiring Promotion

 

It's vulture capitalism.

If a vulture capitalist firm bought a trucking company, then sold all the terminals, trucks /trailers and expected the company to rent everything back, it would be harder to make a profit.

"Sorry we had to shut the operation down, but you couldn't make a profit. But thanks for the money we made by selling all your stuff and busting you
out. "

 

Private equity firms don’t buy businesses in order to keep running them for a profit.