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NFT: Red Lobster shutting down & facing bankruptcy

Giantsfan79 : 5/13/2024 8:37 pm
Quote:
Struggling restaurant chain Red Lobster is reportedly abruptly closing at least 48 of its outlets across the US amid warnings they may file for bankruptcy.

The chain has 'temporarily closed' locations in Buffalo, Orlando, Jacksonville and other cities, and is auctioning off kitchen equipment and furniture, according to CNN.

The brand is reportedly eyeing up a possible Chapter 11 filing to restructure its debt, allowing it to discard long-term contracts and renegotiate new leases.

Red Lobster's cash flows have been hit by expensive leases and high labor costs.


so much for all you can eat shrimp
Link - ( New Window )
oh no...  
Del Shofner : 5/13/2024 8:45 pm : link
On and on to the break 'a dawn
All over the restaurant, word is born
I heard somebody coughin', I checked my watch
I couldn't believe it said nine o'clock
I grabbed my pants, put on my Kangol
Who did I see, Oh, yo, it was Brenda
Yo, she worked at Red Lobster but I didn't remember
You title is misleading.  
Jim in Fairfax : 5/13/2024 9:02 pm : link
They’re not shutting down. They’re closing 48 locations. That still leaves close 600 locations in operation.
Another Victim Claimed  
varco : 5/13/2024 9:12 pm : link
Private equity and bad management ---a lethal combination.
Don't think I've been since I was little, but  
Blue Dog : 5/13/2024 9:15 pm : link
I've picked up their cheddar biscuit mix from the grocery to a couple times and it takes me back.
I think you meant  
Bill in UT : 5/13/2024 9:18 pm : link
all you can peel shrimp. That's really the limiting factor. Can't remember the last time I went to one, so nbd for me. Wages at all these low end food places are suffocating. I won't go to fast food chains anymore, the prices have gotten stupid
When I was 10 my parents asked me what I wanted for my bday  
moze1021 : 5/13/2024 9:19 pm : link
My answer was to go to the fanciest restaurant in the world (as far as I knew) for the first time:

Red Lobster

... I got sick from the meal.
RE: When I was 10 my parents asked me what I wanted for my bday  
Bill in UT : 5/13/2024 9:21 pm : link
In comment 16513966 moze1021 said:
Quote:
My answer was to go to the fanciest restaurant in the world (as far as I knew) for the first time:

Red Lobster

... I got sick from the meal.


did they tell you you had to peel the shrimp?
RE: RE: When I was 10 my parents asked me what I wanted for my bday  
moze1021 : 5/13/2024 9:35 pm : link
In comment 16513968 Bill in UT said:
Quote:
In comment 16513966 moze1021 said:


Quote:


My answer was to go to the fanciest restaurant in the world (as far as I knew) for the first time:

Red Lobster

... I got sick from the meal.



did they tell you you had to peel the shrimp?


Lol... I only remember that I had the mahi mahi. And I think it was also my introduction to the concept of an appetizer/multi course meal.

Red Lobster has great biscuits.  
Marty in Albany : 5/13/2024 9:44 pm : link
It's a whole lot less expensive and more enjoyable for me to buy live lobsters in the supermarket and make them at home.

All you need is a large pot of salted boiling water and some melted butter. Naturally, I have the lobster bibs (which are really fun to wear).
Flashback reminder  
NJBlueTuna : 5/13/2024 9:58 pm : link
Sizzler pioneered the all you can eat salad bar. They owned it like none other lol
So does this mean they’re gonna bring in even lesser quality fish?  
The_Boss : 5/13/2024 10:11 pm : link
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RE: Another Victim Claimed  
CooperDash : 5/13/2024 11:04 pm : link
In comment 16513949 varco said:
Quote:
Private equity and bad management ---a lethal combination.


Private Equity - great for the rich, HORRIBLE for just about everything else in the world.
My sophomore year in college, my roommate’s girlfriend  
Ben in Tampa : 5/14/2024 4:39 am : link
Worked at Red Lobster and she’d always bring back like 20 cheddar biscuits. There was nothing like crushing those things at 4am after a night out.
...  
SFGFNCGiantsFan : 5/14/2024 6:15 am : link
Never have been to a Red Lobster in my life.
Used to go  
Gman11 : 5/14/2024 7:20 am : link
a long time ago. They went downhill and I really can't remember the last time I've been to one even though our town has one about 3 miles from our home.
Red Lobster  
gridirony : 5/14/2024 7:29 am : link
only prawn in game of life.

Mongo
when my oldest was 10 he broke them  
oghwga : 5/14/2024 8:01 am : link
with their all you can eat crab legs. after an hour they started to bring them one at a time and he kept powering through.

My wife and I went to one on a lark for lunch last month because it has been about 15 years and I'm not a food snob but holy shit it was terrible and we were surrounded by people who were enjoying the hell out of themselves so bless their hearts.
RE: Red Lobster  
give66 : 5/14/2024 9:51 am : link
In comment 16514146 gridirony said:
Quote:
only prawn in game of life.

Mongo


That was hilarious!
RE: RE: When I was 10 my parents asked me what I wanted for my bday  
Jimmy Meatballs : 5/14/2024 10:14 am : link
In comment 16513968 Bill in UT said:
Quote:
In comment 16513966 moze1021 said:


Quote:


My answer was to go to the fanciest restaurant in the world (as far as I knew) for the first time:

Red Lobster

... I got sick from the meal.



did they tell you you had to peel the shrimp?


Bill, how do you feel about the peeling of the shrimp? 😀
red lobster is  
cactus : 5/14/2024 10:51 am : link
the best of the chain restaurants, i'd put it above cheesecake fatory and outback. even high end restaurants can struggle with consistent freshness and preparation of seafood and they do a really good job of it.
Good  
Semipro Lineman : 5/14/2024 10:56 am : link
thing this didn't come out a week earlier or most of BBI's Mother Day plans would have been ruined.
.  
MOOPS : 5/14/2024 11:49 am : link


"We'll always have Olive Garden."
RE: RE: RE: When I was 10 my parents asked me what I wanted for my bday  
Bill in UT : 5/14/2024 12:07 pm : link
In comment 16514308 Jimmy Meatballs said:
Quote:
In comment 16513968 Bill in UT said:


Quote:


In comment 16513966 moze1021 said:


Quote:


My answer was to go to the fanciest restaurant in the world (as far as I knew) for the first time:

Red Lobster

... I got sick from the meal.



did they tell you you had to peel the shrimp?



Bill, how do you feel about the peeling of the shrimp? 😀


lol, they're too f'n small and too f'n cold. I almost got frostbite.
Years ago I had a few rounds with a golfer named  
Lafferty, Daniel : 5/14/2024 12:18 pm : link
Happy Gilmore - kid hit the shit out of the ball, but was more of a hockey player type.
Anyway, there was this heckler who would often chirp him around the course- word around the Tour was that Shooter McGavin was paying off the heckler.
One day, I did see the heckler asking Shooter if he wanted to grab a bite at Red Lobster.
Anyway, I've never eaten there because I have a sophisticated pallet - unlike the low life hecklers in this world.
But that was a long time ago, despite the Waterbury Open feeling like just yesterday.
RE: You title is misleading.  
MotownGIANTS : 5/14/2024 12:23 pm : link
In comment 16513943 Jim in Fairfax said:
Quote:
They’re not shutting down. They’re closing 48 locations. That still leaves close 600 locations in operation.



They can close them around me .... Service horrible every blue moon we go ... WITHOUT IT BEING BUSY.
RE: RE: You title is misleading.  
Jim in Fairfax : 5/14/2024 12:28 pm : link
In comment 16514486 MotownGIANTS said:
Quote:
In comment 16513943 Jim in Fairfax said:


Quote:


They’re not shutting down. They’re closing 48 locations. That still leaves close 600 locations in operation.




They can close them around me .... Service horrible every blue moon we go ... WITHOUT IT BEING BUSY.

Never been, don’t plan to. Just pointing out:

You can't offer all you can eat of anything and expect to survive  
GeofromNJ : 5/14/2024 7:30 pm : link
Not only do you lose money on the third serving and thereafter, the gluttons occupy the table for hours meaning management is able to sell the table only once an evening.
Should’ve learned from The Simpsons years ago.  
bwitz : 5/14/2024 7:41 pm : link
Dumbasses.
RE: red lobster is  
bwitz : 5/14/2024 7:45 pm : link
In comment 16514348 cactus said:
Quote:
the best of the chain restaurants, i'd put it above cheesecake fatory and outback. even high end restaurants can struggle with consistent freshness and preparation of seafood and they do a really good job of it.


Too bad they couldn’t get the whole business thing down.

Also, above Cheesecake Factory? Yeah. No. Lmao.
RE: RE: red lobster is  
Jim in Fairfax : 5/14/2024 11:24 pm : link
In comment 16514978 bwitz said:
Quote:

Too bad they couldn’t get the whole business thing down.
.

Another business done in by Private Equity.
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