Podcasts · Patrick Boyle On Finance
Was Endless Shrimp to Blame for Red Lobster's Bankruptcy?
· 18 min
Episode Was Endless Shrimp to Blame for Red Lobster's Bankruptcy?
Send us a textRed Lobster was America’s largest casual dining seafood chain, with almost 600 locations across the United States and Canada. Its bankruptcy was announced earlier this week.The bankruptcy declaration insinuates that the chains equity owner who was also their biggest seafood supplier might have decided that their equity stake in the business was worthless, but that they could extract some extra value from the company before it declared bankruptcy by selling them a lot of extra sh...
Transcript
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