4.2 • 5.3K Ratings
🗓️ 24 September 2024
⏱️ 19 minutes
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0:00.0 | Red Lobster. It's been a staple of strip mall casual dining for more than 50 years. |
0:11.6 | You might remember some of those classic ads. |
0:14.0 | Or we can try to eat the plants, |
0:17.0 | put them on a plate. |
0:19.0 | Home of the free cheddar bay biscuits, popcorn shrimp, the Admiral's Feast, brownie overboard, |
0:26.3 | an endless shrimp. But over the past few years, Red Lobster has been floundering. |
0:37.0 | It faced declining sales and aging restaurants. |
0:43.4 | And this spring, it looked like Red Lobster was cooked. |
0:47.4 | Red Lobster is officially under water. |
0:49.8 | The restaurant chain is filed for Chapter 11 bankruptcy. |
0:52.8 | America's largest seafood restaurant chain. |
0:55.4 | Red lobster is in a serious financial pinch. |
0:58.4 | Branches in at least 27 states, suddenly closing. |
1:01.8 | The seafood chain was hundreds of millions of dollars in debt. |
1:05.0 | Dozens of restaurants were turning off the lights. |
1:08.0 | Some were auctioning off the microwaves, friars, and lobster tanks. |
1:12.0 | Amid all friars and lobster tanks. |
1:16.0 | Amid all these problems, one very important customer |
1:18.0 | started dining at Red Lobsters across the country. |
1:20.0 | He'd show up kind of incognito, sample the lobster tails, try the crab legs. |
1:26.0 | And so when you'd go in, would you normally sit by yourself? |
1:30.0 | Would you order the same thing? |
... |
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