What brought down Red Lobster?

But recent mismanagement, competition, inflation and other factors brought down Red Lobster, analysts and former Red Lobster employees say.
MORE: abc7.com/post/owns-red-lobste...

[@ringaleavo]

The corporation has taken advantage of the franchises, charged way too much for the restaurants to make a profit

[@matthewreed1078]

From my understanding it was all company owned

[@ringaleavo]

@@matthewreed1078 I'm sorry, you're correct, I was thinking of Friday's

[@maltedmilk6888]

Just say what it is! A few people took over and made themselves millions of dollars and in the process destroyed the company

[@imsleepingbeauty]

Quick! Somebody post that Red Lobster Cheddar Bay Biscuit recipe!

[@frauwolftherehorse]

LOL

[@nobo2979]

2 cups flour, 3 Tablespoons Cornstarch, 2 teaspoons Baking Powder, 1/2 teaspoons Baking Soda, 1 teaspoon Salt, 1/2 teaspoon Garlic Powder, 1 Stick Butter cut in cubes, 1 Cup Shredded Cheddar Cheese, 1 Cup Buttermilk. Mix,drop,bake 400° 20 min.

[@WLA-General]

@@nobo2979🤣🤣🤣💀💀💀

[@cececomm8496]

Quality went WAY down compared to what it once was

[@willardchi2571]

That's because a private equity firm acquired Red Lobster.

[@untouchable360x]

Red Lobster brought down Red Lobster.

[@reneeratliff1937]

They changed the menu so greatly , wasn't even interested in it anymore.

[@wendyjenkins8379]

Same here. Prices go up, but the meals are smaller. Use to be my favorite place. Not so much anymore🤷🏽‍♀️🤷🏽‍♀️🤷🏽‍♀️🤷🏽‍♀️

[@BoomBurster]

Brought my mom there for Mother’s Day. Ordered a lobster tail and her didn’t even have a lobster tail in it… That was a year ago, can’t say I’m surprised because after that, I wasn’t going back.

[@HBKTCB83]

Went to Red Lobster for a friend's birthday gathering in early 2019, there was 20 people in our group and we all left unsatisfied due to the dismal food.

[@edyann]

Who the heck eats 50 shrimp? And then they post it on social media? So ridiculous.

[@nouseforaname5378]

Really? I could eat 100 shrimp and still be hungry.. lol

[@MrJuvefrank]

Some people are obsessed with things of lesser quality.

[@edyann]

Ok, well to each their own but I was watching this story on Inside Edition and these young people eating 30, 40 even 60 shrimp and posting it on social media.. No wonder there's so much illnesses in this world but ok. Anyways, that's why this restaurant went under.

[@TreeSnackz]

Hungry people 😂

[@poopybutt9669]

@@edyannquite vegan, the adults are talking.

[@donaldmartin4980]

So now it is “ Dead Lobster” 😊????

[@smokingmopars5812]

My family quit going when the resturant would be only 1/4 full and but still have to wait for 25 minutes (no staffing and this was pre pandemic)..That was tough to do with 2 little ones. I think they want you to sit at the bar/drink etc. not family friendly for us. We found better values and better food options. Unfortunately this is no surprise.

[@popeyesailorman911]

$20 ALL YOU CAN EAT SHRIMP IS NOT THE REASON There's a lot of $15-$20 Buffets out there but they're still in Business

[@truthiscensored]

They closing too. The Homestyle Buffet and Souplantation by my house closed for the "2-weeks to Slow the Spread" and never reopened. A Sizzler has closed also

[@cynthiafritze7418]

"When Red Lobster blames its bankruptcy on inflation and labor costs, they're lying." -Laura Chapin "A hedge fund bought the company, sold off all the land Red Lobster restaurants are located on, leased the land back to Red Lobster, and jacked the rent. Just so you know what is really going on here"

[@willardchi2571]

A Private equity firm took over Red Lobster. When a private equity firm buys your employer, be smart and start looking for a job. Don't waste time. Even if the company you work for survives and your job continues to exist, you will be treated like an indentured servant, like a cog in a wheel. It will be like working for Big Brother.

[@frauwolftherehorse]

It was PETER GRIFFIN.

[@MistSoalar]

They interviewed the customer of my exact stereotype of people at red lobster

[@spankyssurprise1361]

Who...regular Americans who want to eat?

[@alwaysbekindlove]

It’s private equity make no mistake about it. It’s a monopoly on the market system. It appears to me that someone played the derivative derivative game. Just like they have with game stop. Go and look for yourself. They were owned by private equity same with the $.99 stores

[@admtahoe]

All you can eat shrimp is a BS excuse.....There is a buffet near me that has all you can eat shrimp, sushi, salmon, and crab on the weekends. under 20 bucks on the weekdays 22 on the weekend....BS red lobster lost because of the shrimp deal..

[@chandlervongphakdy2900]

I went there with my family once and it took them 1-2 hours for us to wait for our food. Since it was a school night we had to cancel our order and leave. Worst Service Ever at Red lobster.

[@HappyHarryHardon]

“Every Thursday, Red Lobster!”

[@BigEightiesNewWave]

Close all fast food too, not care, never go.

[@jonathansongco4302]

Unbelievable.

[@WLA-General]

Unfuccinbelievable

[@hesfrombarcelona]

Alex, if you believe that Red Lobster is the best restaurant ever, you should try Long John Silver's for a real upgrade. Same quality of food for a whole lot less money, and no 2 hour waits when the restaurant is half full.

[@aboliafaleti]

Well they had, a pretty good run, we will miss ya . I Loved the clam chowder and busicus🫶🏾😘

[@Chrissimpson-oo4qx]

They're not necessarily going down to business just cut their filing for bankruptcy what they're doing is preparing the structure of the company to be easier to sell off. If that falls for dinner will probably go out of business.

[@Corey0205]

lonnie would eat as much shrimp as he could, then vomit , then start eating shrimp all over again. As Lonnie said: its worth 20 bucks to do that.

[@defpixel]

There’s just simply better seafood restaurants and Red Lobster not competing as well as they made it out to be hence the bankruptcy.

[@commentator2.0]

Of course Alex Crocodile 🐊 likes Red Lobster 😂

[@j0ellyfish]

I ate there once when I was a kid. Got food poisoning. Never been back.

[@SP-vt2fl]

Best biscuits ever,too much free shrimp 🦐

[@williamhenry9705]

Customers eat like field hands, hang a jacket on a chair, leave, come back and eat like field hands.

[@piaralynsison6251]

For sure couldn’t have been the cheddar bay biscuits!

[@jackbauer562]

inflation and crimeflation…. Cant afford eating out

[@mrmortgage]

I feel bad for Alex if he actually thinks Red Lobster is the best restaurant ever.

[@SilverbackOrangutan71]

Red lobster owned the land each location was on. And then a hedge fund manager took over-- forced red lobster to sell the land each location was on...then the Hedge fund charged Red Lobster rent. Making the rent so expensive the locations could not afford the land lease.....Let be honest it had nothing to do with the all you can eat. Follow the money trail....

[@brandonhunter3036]

… I’ma need more convincing that a shrimp 🍤 bought down a lobster 🦞.

[@susansimon5105]

The “all you can eat shrimp” was not a smart business decision!

[@colettelane1736]

What a bummer it’s such a wonderful restaurant 😥

[@mutantryeff]

Wrong: It was excessive taxation, excess minimum wage, excess government

[@calvinbrown1995]

It's about time that the rich people are going broke 😂😂😂😂😂

[@truthiscensored]

I agree with the All You Can Eat Shrimp eating into company profits. I worked for the company off and on for 5 years and the Restaurant didn't make much money even though it was packed for that promotion. And it was a pain in the neck for the servers, got to work extra hard for the same pay/tip with all those refills. I never under stood why they had different specials each month. LobsterFest is by far their biggest and more Profitable promotion and they ONLY had it once a year. Most companies run their most profitable product/promotion year round. BTW Red Lobster been struggling for decades, long before the P---demic

[@judylowrance5163]

It can close no big deal

[@MrJuvefrank]

Yes, it can, and it will. In 1981, people complained about the "new economy," but the socioeconomic environment today is 20 times worse.

[@RATED4EVER]

It was HOMER SIMPSON. "All You Can Eat! All You Can Eat!"

[@lindseyarnold5074]

Empty parking lot says everything!

[@laralu8641]

Shame. I loved their Snow Crab

[@GaryDelabate]

They’ll streamline, probably close several more, rebound, and open more. Happens all the time

[@nouseforaname5378]

They should start doing Red Lobster food trucks.. with live lobster tanks..

[@freddiecarr7602]

Installing those pizza ovens were a bad idea!

[@marioantoniocrespoMexican92]

I’m a 140 pound adult male 🇲🇽🇺🇸

[@stevenbaer5999]

I have to say just one thing That Sucks for I am a seafood person

[@annepresley1996]

Loved Red Lobster...mad they closed the one in Silverdale WA

[@goldguilder9554]

Starbucks better learn from Red Lobsters giving away unlimited refills for customers buying coffee. Got a put a limit on it

[@roninunrefined1637]

Someone wrote this and someone approved this being posted on their “news” channel. How about interviewing the workers who will suffer from this instead of those doofus customers. You know actual news worthy people’s opinions

[@FKCENSORSHIP]

High prices in a bad economy?

[@ronniechavez9868]

So Sad but They were over Priced

[@AKAAAK]

Red Lobster is not a staple food....🙄

[@nouseforaname5378]

Of course it is..

[@DeeLite220]

She sounded drunk 😂

[@stevenjamesgiurbinojr6893]

that’s a matter of a opinion tho, probably not for someone who’s diet consists of McDonalds daily, lol 😂

[@sayrahmarie501]

@1:00 yall…shes so high! 😂 Can I get some of what she’s havin red lobster?

[@JohnDoe-xm9ql]

Gonna miss 😢all dat shrimp... Costco shrimp very bueno..😂 🦐🦐🦐🦐🦐🦐

[@Godsblkd555]

Yes sir! Fyi... Try it in air fryer. Spray with evoo.🔥

[@JohnDoe-xm9ql]

@@Godsblkd555 Thank you... I will

[@hesfrombarcelona]

You mean besides their overpriced seafood that's on par quality-wise with the McDonald's Filet-O-Fish? The restaurant management and employee talent pool has been severely wanting for years, so the result was inevitable.

[@Wizardof]

Shame on people for beliving these companies who LIE.

[@Chrissimpson-oo4qx]

I can tell you right now they're food never matched the price which it to save their food process was always twice or three times higher than the value of the food they offered.

[@MrJuvefrank]

2:03 If that's the best, I'd sure hate to see what economic problems are like.

[@TheloniousJackson]

I’ve ate at Red Lobster before!

[@ScrewyDriverTheMan]

Would have helped if the food actually had flavor lol

[@Alpharizzchad]

I guess you can't eat anything 😅

[@sig7948]

there's a restaurant in Glendale, called crab avenue. its a pre covid restaurant, survived covid and it's still making bank. this is not a national problem, this is a international multinational you problem, red lobster. down by crab avenue, you can get everything and anything at an affordable price, and theyre not stingy with their servings like red lobster. plus they actual have different flavors, not just butter. I swear, red lobster is the only restaurant that comes second to olive garden with its overuse of butter. gives me acid reflex just typing it out.

[@TreeSnackz]

. I had my first margarita in life there , granted it was virgin but a margarita is a margarita 😂 Red lobster off Wilshire & La Cienega used to be undefeated !

[@Boxingbear]

Good, I was sick of going there every Mother's Day. Not a seafood fan.

[@StandingUpForBetter]

Voting has consequences. It is insane to vote for the same people over and over again and expect things to magically change. Everyone really needs to remember all this and think long and hard about it when they vote this November!

[@erich84502a]

Lobsters wanted more money

[@thefridaynetwork]

Welcome to Build Back Better country

[@ericlondon2663]

Terrible food

[@LouKiss]

Real estate prices raising rent. Do some research

[@Pyroaddiction2023]

Never been never will one of my boys had dinner at red lobster and had the worst experience ever

[@plantbased15]

The food is horrible honestly

[@nohandle74]

Bidenomics

[@moorefacts6605]

Haha hyperbole

[@tdestroyer4780]

@@moorefacts6605 There's a price to pay when you fund 2 wars. Remember 2003?

[@moorefacts6605]

@@tdestroyer4780 Those wars were started under false pretense. Biden's policy on Ukraine and Israel is part of the Truman Doctrine. Big difference.

[@moorefacts6605]

Saved America's economy after Trump destroyed it.

[@moorefacts6605]

@@tdestroyer4780 You have no idea what what you're talking about.

[@njb7209]

Endless 🍤 🦐 🍤 🦐 🍤 🦐

[@CashNYC]

they never updated there menu in years same old same old

[@MightyMouse11]

America’s ever expanding waist line. Didn’t we learn anything from the animation “Cloudy with the chance of meatballs”

[@DeeLite220]

And Wall-E

[@endtimesbibleprophecy]

Sharks got 'em. Private equity "sharks", aka corporate raiders pillaged Red Lobster.

[@texastedskol]

Shitty food and service..

[@Kawasaki496]

Governor Newsom and president biden shut them down

[@moorefacts6605]

Suzuki says no.

[@Kawasaki496]

@@moorefacts6605 🤣

[@traceejohnson290]

What?🤔

[@edenuccio3690]

the food was trash. how about that

[@malin7919]

Biden's inflation!

[@jnf1270]

Red Lobster is finished.

[@davep5095]

The current administration🤡🍦

[@lrs7777]

Small overpriced items

[@KingYahuchanon]

They’re feeding you people *roaches of the sea at a high price!*

[@harrysmall-cox9579]

We did it Joe! (Cackles)

[@marryellenmonahan5585]

You should do your homework.

[@harrysmall-cox9579]

@@marryellenmonahan5585 cry more

[@Scrappy90059]

You can get yo salve a 5 dollar rib sang witch at Roscoe Rib any day of the weak bro Rib Sang witches they kind a like the Mack Rib if you tink about it? Bro they aint NUT TEN like a Grape Soda with a Roscoe RIb Five Dollar Rib Sang witch

[@raybrock5917]

Rubber lobster

[@TonyandSusie-MillersontheMove]

Does smell fishy🐠🐟🦞🐬🦀

[@SamsungGalaxy-ls8ys]

Biden and co.

[@agentdarkness7927]

Bidenomics at its best.

[@tomhenry897]

Biden economics

[@NHLblkgurl]

One word: Joseph Robinette Biden Jr and Joeflation.

[@meansnowflake]

Pretending to understand inflation while showing everyone you can't count words is 😂. Thanks for the laugh.

[@NHLblkgurl]

@@meansnowflakeWhy don’t you explain the 1% inflation Biden said was 9% when taking office, after 3 years saying predictions of even his policies creating inflation was “conspiracy”, then predictions of high inflation was conspiracy, then predictions of long term high inflation with no end in sight (even with a dozen fed funds rate hikes )wasn’t his fault ? LOL (you have NO clue what I’m even talking about do you “Professor” Get back to me after you look up fed funds rate.

[@NHLblkgurl]

@@meansnowflake I obliterated your lame pedantic deflection, but looks like it’s hidden by algorithm/censorship.. Pull up the “newest first” prompt and scroll down if you think you could counter. (But bet you can’t or won’t)

[@meansnowflake]

@@NHLblkgurl You can't count, so let's not pretend you can obliterate anything. I don't waste time on mindless entertainment, but thanks for trying your very best.

[@NHLblkgurl]

@@meansnowflakeoh wait, you’re not catching the satire of the original comment.... If you don’t even catch or know who’s famous for the “one word” (then listing a half-dozen words -speeches), OR “”3 letters”! ... “JOBS” ... you’re not even going to understand politics, or especially macro or micro economics.. LMaO. Too funny.

[@Polarjack420]

Isnt it obvious? Brandon. Fjb

[@demonways1978]

Uh oh😮 Black folks about to lose their minds...

[@Queen-dl5ju]

Bidenomics