Red Lobster’s bankruptcy isn’t a story about the recklessness of having endless shrimp on offer — it’s a story of how private equity firms bled a restaurant chain dry, leaving workers and diners adrift.
Red Lobster is to seafood what Olive Garden is to Italian cuisine. It’s a sanitized American friendly chain that’s always prioritized appeal and convenience over everything else. It’s the place you go when you have a vague feeling you’d like something similar to sea food but don’t really want to think very much. And it’s just bankruptcy. They’re not actually going out of business. My local place isn’t even closing.
I don’t even eat at Red Lobster. It just annoys me that, every day, I am reminded that business success no longer requires actually providing goods or services.
Red Lobster is to seafood what Olive Garden is to Italian cuisine. It’s a sanitized American friendly chain that’s always prioritized appeal and convenience over everything else. It’s the place you go when you have a vague feeling you’d like something similar to sea food but don’t really want to think very much. And it’s just bankruptcy. They’re not actually going out of business. My local place isn’t even closing.
I don’t even eat at Red Lobster. It just annoys me that, every day, I am reminded that business success no longer requires actually providing goods or services.
Problem is the company is got lease payments forever due to selling all their property and leasing it back, netting 1.5 million…
I thought that was Long John Silver’s
Nah LJS is the Popeyes of the sea.
Popeye was a sailor man.
Who lived in a garbage can
He loves to go swimmin
With all the loose women.
He’s Popeye the sailor man!
The ritual is complete. May it please the great and powerful Yog Sothoth