Red Lobster files for bankruptcy
- Thread starter MDCrabCakeFan86
- Start date
- News
It's not the same thing.
Those buffets don't bring you plates at the end that you can then put in togo boxes and then bring you a sack of biscuits for the road.
They won't have Walt's favourite shrimp with massive amounts of sodium.
Narrative they are pushing is the endless shrimp.
Real story from the bankruptcy papers is that these organizations and private equity bought it out, saddled it with debt and sucked out the value and bankrupted it.
So... the typical private equity playbook!
Real story from the bankruptcy papers is that these organizations and private equity bought it out, saddled it with debt and sucked out the value and bankrupted it.
So... the typical private equity playbook!
they've all been gone in my area for a decade now. shame, great hangover food
This is exactly what it is.
Red Lobster’s Demise Was Never About the Endless Shrimp
Blame private equity and a decade of mismanagement instead
www.eater.com
Private equity bankrupts places like this as standard business practice. This was inevitable.
That's exactly what that other thread is about. If you look at the op, or the article they linked, it says they filed for bankruptcy Sunday
So are they done for? Like, they just wont' exist in the not-too distant future? If so, that's a sad day. They were always my favorite sit-down chain restaurant. I love their shrimp scampi and their biscuits. But eating out has gotten so pricey lately at these sit-down restaurants. $30+ for one person is a big ask. I'd go more often if it was cheaper.
Just take a couple of boxes of the mix and make one giant biscuit as a substitute for a birthday cake.
Long live the lobster!
Honestly, their cheddar biscuits used to be so good at the restaurants. But now? They're trash. Better to get the box and I can add the extra spices and all the butter I want. I got that shit down to a science. I'm gonna grab a box this week.
I only really like fried seafood and we have tons of clam shacks around here that are way better, so there's no need for a Red Lobster in my area anyway.
I like their biscuits but you can buy them in grocery stores so i never bother coming back. Too expensive and the menu is meh
There's one within easy driving distance of me, but I haven't been there in several years. Way too expensive and too much sodium.
If I'm going to indulge in ordering seafood I'd rather go to Ivar's (PNW chain).
If I'm going to indulge in ordering seafood I'd rather go to Ivar's (PNW chain).
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Gonna miss red lobster, a lot of good memories. Need to go before the ones near me shut down. Get some fresh cheddar bay biscuits.
So their brand got used as a credit card and then closed out? That shit really needs to be made illegal.
I loved lobster fest for years but when I saw $31 become $51 I said fuck that shit…..never went again.
The Red Lobster in my city is dead pretty much all the time. Their location doesn't do them any favors as it's a pain in the ass to get to.
I'd be shocked if this one stays open much longer, it'll follow the Ruby Tuesday's that shut down years ago.
I'd be shocked if this one stays open much longer, it'll follow the Ruby Tuesday's that shut down years ago.
This kind of stuff sounds like it should be illegal:
View: https://x.com/ElectProject/status/1792541353760473595
View: https://x.com/ElectProject/status/1792541353760473595
Yup, private equity firms doing what private equity firms do. It's fucking eye rolling to see business sites keep bringing up the endless shrimp promotion as being the thing that did them in.
Yup, I tried bringing this up in one of the other topics about Red Lobster's issues but it got ignored.
Yup, I tried bringing this up in one of the other topics about Red Lobster's issues but it got ignored.
You should probably use that card in the next few weeks, to be honest.
I like this.
I don't like losing Red Lobster but if them biscuits can still be bought and made at home, we'll make it.
This sucks. :( My family loved going to Red Lobster when I was growing up; whenever we went for either special events or just a nice dinner out, it felt so fancy. The last time I went, I think the fried shrimp I had was a little salty, but I didn't mind.
I am gonna miss those biscuits, though. Gonna try and pick up a box next grocery trip.
I am gonna miss those biscuits, though. Gonna try and pick up a box next grocery trip.