Red Lobster USA goes Bankrupt
 

[In its bankruptcy filing, Red Lobster conceded
it had “a bloated and underperforming
restaurant footprint” and cited a difficult
economic environment and increased competition
for its recent financial failures.]

20 May 2024

Was on John Oliver, SkyComedyHD


Golden Gate Capital
Equity bought it. 2014 for $2.1Billion

They sold off all the land
that made them all pay for it.


Also,
they kept doing offers
unlimited shrimps.

Golden Gate sold it off
a Thai Union bought it
but had no idea, how to run it.


Thai Union made them buy Expensive Seafood
from them.



https://edition.cnn.com/2024/05/20/i...tcy/index.html



John Oliver bought the contents of a bankrupt restaurant
He did a Cheese Biscuit day


Another Buyer got angry at John
https://www.youtube.com/watch?v=OZZFQ6oPziE