Red Lobster, a popular seafood chain, is reportedly considering filing for Chapter 11 bankruptcy to restructure its debt due to expensive leases and rising labor costs. The company faced an $11 million loss, partly attributed to an 'Endless Shrimp' promotion.
Prediction: Most casual sit-down restaurant chains will go bankrupt in 5-10 yrs Some chains that'll follow Red Lobster to bankruptcy: -Applebees -Chilis -IHop -Dennys -Outback -Red Robin -Bob Evans -TGI Fridays Who else am I missing from this list? For the latest business…
'Merica: Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp https://t.co/H4PakRgtjp
Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp https://t.co/GyEJwXmP2G
Paint me skeptical that their ‘endless shrimp’ promotion is the main driver of Red Lobster weighing bankruptcy, and not just a clever way of spinning losses from a weak operating model that couldn’t absorb higher labor costs and weather a challenging interest rate environment. https://t.co/EUI2ILCNTK
Red Lobster thought it would be a good idea to add an all-you-can-eat shrimp dinner to their menu. But they had no idea how much shrimp you pigs could eat. Now, they are declaring cheddar bay bankruptcy. https://t.co/jkpcaf0MDR
Red Lobster reportedly considers bankruptcy after $11M loss on endless shrimp https://t.co/rmQdrB2C2r
Never bet against the American consumer "Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp" https://t.co/OFLx0ocT25
Experts familiar with the situation indicate that Red Lobster might pursue a Chapter 11 bankruptcy filing, the Daily Mail reported. https://t.co/INckMGU0Rr
Red Lobster reportedly eyeing bankruptcy filing after major losses from endless shrimp deal https://t.co/7ilNtyWUa7 aw
Red Lobster is contemplating bankruptcy, reportedly in part because of an $11 million record loss last year that the seafood restaurant attributed in part to the promotional offer of unlimited shrimp. https://t.co/i7iuDOk6Qv
Endless Shrimp turns into endless loss for Red Lobster, which mulls bankruptcy https://t.co/5AXJTdQhWc
Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts after an endless shrimp promotion sank the seafood restaurant chain's bottom line, according to reports. 🦐🍤 https://t.co/IYz2ISC3Cp https://t.co/M256vP9kpd
Red Lobster’s cooked? Says here they’re filing for bankruptcy. Was never a seafood fan, but it’s clear all social , family type resturants and gathering places are being shuttered by big mega corps that want us separated , at home, and only connected their mediated devices .
Red Lobster is losing some long-time customers over unpaid bills, per @JoeGuszkowski https://t.co/HtidwBMhB8
Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts after an endless shrimp promotion sank the seafood restaurant chain's bottom line, according to reports. https://t.co/pmymYksoBX
Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp promotion https://t.co/ABwjM13noC https://t.co/pu3SoWNu52
Blackthorne: You tell him that despite being called “Endless Shrimp” it does in fact have a limit. The dogs and charlatans at Red Lobster have created a lie and I intend to speak my mind about it. There needs to be accountability! Mariko: the Anjin is upset about shrimp https://t.co/FHwSaUWQCN
All you can't eat? Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts after an endless shrimp promotion sank the seafood restaurant chain's bottom line. https://t.co/qfjlI5OTUv https://t.co/H2i3mpXSI9
🇺🇸 Red Lobster considers bankruptcy to deal with leases and labor costs https://t.co/zVrdLxNeyl
Red Lobster is attempting to stay afloat by eyeing Chapter 11 bankruptcy after $11M in losses from endless shrimp. https://t.co/ECUrI0EhDI
Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts after an endless shrimp promotion sank the seafood restaurant chain's bottom line, Bloomberg reported this week. https://t.co/FXMk3sP9uv
I am not sure I want to live in a world where Red Lobster doesn’t exist. Could you imagine how much fun @aaronharrisDB and I could have if we dove in tomorrow and took the reins on a turnaround play? Red Lobster considering Chapter 11 / $11 million loss https://t.co/BuSG1msdY9
This real estate is why Red Lobster is filing for bankruptcy https://t.co/pnxTg8mXSD
Anytime I feel sad I just remember that Red Lobster lost their entire company as a result of “Endless Shrimp” https://t.co/yyoZeXNGqx
Better Red Lobster than Dead Lobster.
Red Lobster Is Considering Bankruptcy Partly Due to $11 Million Loss from Endless Shrimp Deal: Report https://t.co/zgP09W5RiA
“A $20 “endless shrimp” promotion that began last summer was so popular that it contributed to the company’s $11 million loss in the third quarter.” — Orlando-based Red Lobster considers filing for bankruptcy, report says via @OrlandoSentinel https://t.co/0S971TCBYD
Red Lobster considers bankruptcy to deal with leases and labour costs https://t.co/J8MJX5zZMk
Seafood chain Red Lobster is reportedly preparing to file for bankruptcy: https://t.co/bw5DF6Phva
Not Red Lobster. https://t.co/yKVKZ4VjEO
Social Media Reacts To Red Lobster Considering Bankruptcy https://t.co/jAE4XMhnfq
Red Lobster is considering filing for bankruptcy Its recent history: - Three CEOs in two years - Current owners trying to divest - Total losses of $22 million last year - Miscalculated 'Endless Shrimp' promo Prayers up for all the cheddar bay biscuit lovers https://t.co/AdISmhBHsX
Red Lobster may be preparing to file for bankruptcy. They'll remain open, but will have to change their name to In The Red Lobster.
Red Lobster: Is Florida-based seafood restaurant going out of business? https://t.co/bdVWtpndmU
Is Red Lobster filing for bankruptcy? Here's what we know. https://t.co/tsTfwVnsGF
New report claims Red Lobster might file for bankruptcy https://t.co/tamVdPKnhk
One of America's favorite fast casual restaurants famous for its "endless" promotions may be ending. On Tuesday, Bloomberg reported that Red Lobster is close to filing for Chapter 11 bankruptcy as a part of a larger restructuring plan. https://t.co/WIvv89IqnC
Red Lobster considering Chapter 11 bankruptcy after $11 million loss https://t.co/wrxpcoBwTY https://t.co/opnWMdHmeS
Seafood chain Red Lobster is reportedly preparing to file for bankruptcy. https://t.co/crCn27joBn
Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. https://t.co/shtskWazD8
In case you missed it, Red Lobster is considering filing for bankruptcy 🦞 https://t.co/r0aHK52cLK
Orlando-based Red Lobster considers filing for bankruptcy, report says https://t.co/3FEuM0AyPe https://t.co/QOXwoxi7M0
Red Lobster considering Chapter 11 bankruptcy after blaming 11 MILLION loss on its 'endless shrimp' promotion https://t.co/VLfNHN1p2E https://t.co/rpky2sWDnw
#Florida-based Red Lobster considers filing for bankruptcy https://t.co/RGYA1jKWIk
Red Lobster reportedly considering filing for bankruptcy. https://t.co/17Dz3QfSSI Click the image to read more:
Red Lobster reportedly weighs possible Chapter 11 bankruptcy filing as labor costs soar https://t.co/tEwX0YBdKq https://t.co/3FCn8xJf0S
Struggling Seafood Chain Red Lobster Considers Bankruptcy Filing #RedLobster #bankruptcy https://t.co/SLsUaMms3f via @TheDeepDive_ca
Red Lobster reportedly considering filing for bankruptcy https://t.co/nzycWF186h
Red Lobster may file for bankruptcy protection: report https://t.co/seIltNerUm
Red Lobster considering bankruptcy filing: report https://t.co/G7ZEPuHIdp
Red Lobster, the seafood chain that is reportedly dealing with a large amount of debt from expensive leases and rising labor costs, is considering filing for bankruptcy. https://t.co/IjBh5dddHv
Red Lobster has fallen https://t.co/qfBAli9xq5 https://t.co/mMA08I8hbq
🚨BREAKING: Red Lobster is reportedly about to file for bankruptcy. What’s your reaction to this? https://t.co/eyQI6Vsbml
Struggling seafood chain Red Lobster is reportedly considering filing for Chapter 11 bankruptcy protection to restructure its debt https://t.co/F5GgXubcvn
Red Lobster To File For Bankruptcy Amid Rising Financial Tensions: Report https://t.co/TVQXO3wPyh
Red Lobster is considering filing for bankruptcy to deal with leases and labor costs, according to @Bloomberg. https://t.co/cklShGtR20
Red Lobster Reportedly Considering Filing for Bankruptcy, Jokes Fly | Click to read more 👇 https://t.co/PoYnpZWsX5
Bloomberg reports that restaurant chain Red Lobster is considering filling for Chapter 11 bankruptcy
BREAKING: Bloomberg reports that restaurant chain Red Lobster is considering filling for Chapter 11 bankruptcy
Red Lobster is reportedly considering filing for bankruptcy https://t.co/JGDYh4dwgT
Red Lobster apparently considering a bankruptcy filing. Shocking development. (That's sarcasm ...) https://t.co/ism6gxqrS1
🚨#BREAKING: Red Lobster is reportedly considering filing for bankruptcy according to Bloomberg
“I wonder why Red Lobster is considering bankruptcy” https://t.co/Do9MJGW9vn
Red Lobster is reportedly considering filing for bankruptcy via Bloomberg https://t.co/FWxweQoscj
Red Lobster’s bankruptcy, explained https://t.co/EU5T0hbgLm
Red Lobster’s Bankruptcy, explained https://t.co/6EFwTPmGEZ
***RED LOBSTER MULLS FILING FOR BANKRUPTCY TO FIX BALANCE SHEET*** Higher rates mean lots of restructuring of low rate PE deals.....