Geega is a bit misinformed. While yes, the unlimited shrimp deal might've been a factor into Red Lobster filing for bankruptcy, it was primarily because of a private equity firm. In 2014, Red Lobster basically sold all the real estate the Red Lobster's restaurants were built on to a private-equity firm that basically charged the Reb Lobster's locations rent. The rents totaled $200 million a year or approximately 10% of its revenues.
Geega is a bit misinformed. While yes, the unlimited shrimp deal might've been a factor into Red Lobster filing for bankruptcy, it was primarily because of a private equity firm. In 2014, Red Lobster basically sold all the real estate the Red Lobster's restaurants were built on to a private-equity firm that basically charged the Reb Lobster's locations rent. The rents totaled $200 million a year or approximately 10% of its revenues.
That sounds like they were already dying back then. Well, or someone wanted to make the numbers look better.
Cheddar Bay Biscuits are godlike
Honestly, she’s so real for this
If anyone in Australia had endless Prawns (what you Americans Call Shrimps) they would go broke in days.
Prawns and shrimp are like crabs, they can look similar, they can look very similar, but they're not all identical (Google is friend.
@@Ender__Wa As far as I can tell the USA is the only place that calls them Shrimps.
@@davidhouston4810 Fair enough