Private equity, endless shrimp and Red Lobster’s decline
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 22 May 2024
⏱️ 17 minutes
🧾️ Download transcript
Summary
Red Lobster, the popular seafood chain, filed for Chapter 11 bankruptcy protection this week after closing dozens of locations. We’ll get into the company’s yearslong troubles and why its unlimited shrimp deal isn’t entirely responsible for the chain’s downfall. Then, we’ll discuss the challenges of battling misinformation in today’s fractured media landscape. Plus, WNBA players are slaying designer looks and defying stereotypes of women in sports.
Here’s everything we talked about today:
- “Tales From the Trenches of Red Lobster’s Endless Shrimp.” from Slate
- “Why Red Lobster Filed for Bankruptcy: It Wasn’t the Endless Shrimp” from Eater
- “As Red Lobster files for bankruptcy, changing tastes take a toll on its casual-dining competitors” from Marketplace
- “Majority of Americans wrongly believe US is in recession – and most blame Biden” from The Guardian
- “How Arizona is preparing for AI-powered election misinformation” from Marketplace
- “The WNBA Has Teamed Up With High Fashion. It’s a Slam Dunk” from The Daily Beast
- “General election latest: Rishi Sunak announces 4 July vote in Downing Street statement” from BBC
- Video of UK Prime Minister Rishi Sunak announcing general election from Oz Katerji on X
We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Do you ever wonder what's happening behind the scenes of the multi trillion dollar fashion industry? |
| 0:05.6 | In the new podcast fashion people, Puck correspondent and 20-year fashion veteran Lauren Sherman |
| 0:11.6 | and a rotating cast of industry insiders discuss what |
| 0:15.0 | fashion people are really talking about behind the scenes of the star-studded |
| 0:19.1 | business. From creative director Switcheroos to M&A drama, DTC Downfalls, and Met Galway. from Creative |
| 0:23.7 | Director Switcheroos to M&A drama, DTC Downfalls, and Met Gala mishaps. |
| 0:26.3 | Fashion People, a presentation of Odyssey in partnership with Puck, |
| 0:29.8 | is available now wherever you get your podcasts. |
| 0:33.2 | All right then, if that's what we got. |
| 0:36.0 | This is what we got. |
| 0:37.4 | Drew. |
| 0:38.6 | Right. Right. Hello everyone I'm Kimberly Adams. Welcome back to Make Me Smart where we make today makes sense. |
| 0:49.6 | I'm Kyle Risdahl joining us. Thanks for joining us. |
| 0:52.9 | Sorry, I'm a little out of practice. |
| 0:54.0 | I've been off for a couple of days. |
| 0:54.9 | Also, I was going to say something else, |
| 0:56.2 | but I don't know what it was. |
| 0:57.4 | Wednesday, 22nd of May, sorry. |
| 1:00.6 | We're going to do some news, then some smiles, |
| 1:02.3 | and we will get out of your way. Ms Adams, what do you get? |
| 1:06.0 | Well, first of all, welcome back. |
| 1:08.0 | Thank you very much. |
... |
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