Red Lobster's bankruptcy is attributed to private equity firms that allegedly bled the chain dry to enrich investors, not solely due to the 'endless shrimp' deal. The chain filed for Chapter 11, closing some restaurants while others remain open. Analysts point to financial strategies by private equity as contributing to the downfall.
Red Lobster bankruptcy: What you need to know https://t.co/ucJibwiNi9 https://t.co/YwyGn3u3RU
The demise of Red Lobster as seen from the employees’ point of view. Wow. https://t.co/0Jp0XhwUdR
What led to the bankruptcy of Red Lobster? It wasn't the endless shrimp. https://t.co/qJYiOsNhIm
When a private-equity firm bought Red Lobster in 2014, it sold the real estate under the restaurants for $1.5 billion. Then the restaurants struggled to pay the rents. https://t.co/Ru1LQN4B5O
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. https://t.co/I6xfbYizOR
After Red Lobster filed for bankruptcy, some analysts say its woes stemmed from a financing technique favored by private equity. https://t.co/XRlkBuV6DV
It wasn't the endless shrimp that pinched Red Lobster. How private equity rolled the seafood chain. https://t.co/lk4xUGtsNq via @nbcnews
Red Lobster's bankruptcy was caused by endless greed, not endless shrimp. It's the private equity playbook: take over a company, loot the profits, load it up with debt and leave communities, workers, and customers holding the bag. https://t.co/kq7OfVWXhH
It may be the end of an era for beloved seafood chain Red Lobster, which officially declared bankruptcy on Monday after months of speculation and dozens of abrupt restaurant closures. https://t.co/LmxzSkVVgw
Red Lobster is blaming its bankruptcy on a top shareholder and its ex-CEO, saying an $11 million all-you-can-eat shrimp fiasco contributed to its demise. https://t.co/vr1TKuFr7E
🇺🇸 How private equity rolled Red Lobster https://t.co/tiyPcgY3bt
Can you imagine the meetings at Red Lobster where the executives tried to save the flailing restaurant chain? Matt Levine can https://t.co/ZycesPHSX1 via @opinion
Can you imagine the meetings at Red Lobster where the executives tried to save the flailing restaurant chain? Matt Levine can https://t.co/SdLWbHzJSI
No, Red Lobster's 'endless shrimp' deal is not the main reason the chain went bankrupt https://t.co/ZWHJJA32wq
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. https://t.co/kgxQmew67A
★ ★ ★ ★ Pluralistic: Red Lobster was killed by private equity, not Endless Shrimp https://t.co/9cDxmzVuHR
After bankruptcy, some Red Lobster restaurants remain open. Here's a look at sites that closed and a look back at the chain's popular seafood dinners https://t.co/pc7mfYzWLB
Red Lobster closes some restaurants in the Metroplex as it files Chapter 11 bankruptcy https://t.co/8bKwrjhMhG
Red Lobster didn't die of natural causes. It was murdered by private equity firms. https://t.co/kgxQmew67A
NRN editors discuss Red Lobster’s bankruptcy and whether flashy marketing moves can work. Plus, hear from Sherif Mityas, CEO of Brix Holdings https://t.co/B7GlsTLgNu https://t.co/Lm4AP49NtA
Red Lobster's Bankruptcy Renews Interest in Horror Film | Click to read more 👇 https://t.co/L2povy4cSl
After gutting Red Lobster, private equity bros are targeting a distressed asset in an industry full of endless shrimp: college sports. https://t.co/tOxAXK6auP
COLUMN: Just like Red Lobster, the private equity bros are now circling college sports — another distressed asset full of endless shrimp. https://t.co/m1FCTIWac7 via @USATODAY
Red Lobster’s bankruptcy cannot simply be “blamed on the endless shrimp.” Its decline can be traced to private equity firms that had no problem tearing down an affordable restaurant chain to enrich investors. https://t.co/kgxQmew67A