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...

Пікірлер: 162

  • @ringaleavo
    @ringaleavo24 күн бұрын

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

  • @matthewreed1078

    @matthewreed1078

    22 күн бұрын

    From my understanding it was all company owned

  • @ringaleavo

    @ringaleavo

    22 күн бұрын

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

  • @maltedmilk6888
    @maltedmilk688823 күн бұрын

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

  • @imsleepingbeauty
    @imsleepingbeauty24 күн бұрын

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

  • @frauwolftherehorse

    @frauwolftherehorse

    23 күн бұрын

    LOL

  • @nobo2979

    @nobo2979

    23 күн бұрын

    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

    @WLA-General

    23 күн бұрын

    @@nobo2979🤣🤣🤣💀💀💀

  • @cececomm8496
    @cececomm849624 күн бұрын

    Quality went WAY down compared to what it once was

  • @willardchi2571

    @willardchi2571

    23 күн бұрын

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

  • @untouchable360x
    @untouchable360x24 күн бұрын

    Red Lobster brought down Red Lobster.

  • @reneeratliff1937
    @reneeratliff193724 күн бұрын

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

  • @wendyjenkins8379

    @wendyjenkins8379

    24 күн бұрын

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

  • @BoomBurster

    @BoomBurster

    23 күн бұрын

    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.

  • @smokingmopars5812
    @smokingmopars581224 күн бұрын

    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.

  • @HBKTCB83
    @HBKTCB8321 күн бұрын

    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.

  • @cynthiafritze7418
    @cynthiafritze741824 күн бұрын

    "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"

  • @donaldmartin4980
    @donaldmartin498024 күн бұрын

    So now it is “ Dead Lobster” 😊????

  • @edyann
    @edyann24 күн бұрын

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

  • @nouseforaname5378

    @nouseforaname5378

    24 күн бұрын

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

  • @MrJuvefrank

    @MrJuvefrank

    24 күн бұрын

    Some people are obsessed with things of lesser quality.

  • @edyann

    @edyann

    24 күн бұрын

    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

    @TreeSnackz

    24 күн бұрын

    Hungry people 😂

  • @poopybutt9669

    @poopybutt9669

    24 күн бұрын

    @@edyannquite vegan, the adults are talking.

  • @MistSoalar
    @MistSoalar24 күн бұрын

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

  • @spankyssurprise1361

    @spankyssurprise1361

    23 күн бұрын

    Who...regular Americans who want to eat?

  • @willardchi2571
    @willardchi257123 күн бұрын

    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.

  • @popeyesailorman911
    @popeyesailorman91124 күн бұрын

    $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

    @truthiscensored

    23 күн бұрын

    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

  • @HappyHarryHardon
    @HappyHarryHardon24 күн бұрын

    “Every Thursday, Red Lobster!”

  • @alwaysbekindlove
    @alwaysbekindlove24 күн бұрын

    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

  • @jonathansongco4302
    @jonathansongco430224 күн бұрын

    Unbelievable.

  • @WLA-General

    @WLA-General

    23 күн бұрын

    Unfuccinbelievable

  • @frauwolftherehorse
    @frauwolftherehorse23 күн бұрын

    It was PETER GRIFFIN.

  • @chandlervongphakdy2900
    @chandlervongphakdy290024 күн бұрын

    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.

  • @hesfrombarcelona
    @hesfrombarcelona24 күн бұрын

    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.

  • @admtahoe
    @admtahoe24 күн бұрын

    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..

  • @aboliafaleti
    @aboliafaleti24 күн бұрын

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

  • @Chrissimpson-oo4qx

    @Chrissimpson-oo4qx

    24 күн бұрын

    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.

  • @BigEightiesNewWave
    @BigEightiesNewWave24 күн бұрын

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

  • @williamhenry9705
    @williamhenry970523 күн бұрын

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

  • @Corey0205
    @Corey020524 күн бұрын

    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.

  • @jackbauer562
    @jackbauer56223 күн бұрын

    inflation and crimeflation…. Cant afford eating out

  • @colettelane1736
    @colettelane173624 күн бұрын

    What a bummer it’s such a wonderful restaurant 😥

  • @defpixel
    @defpixel24 күн бұрын

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

  • @brandonhunter3036
    @brandonhunter303623 күн бұрын

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

  • @piaralynsison6251
    @piaralynsison625124 күн бұрын

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

  • @j0ellyfish
    @j0ellyfish23 күн бұрын

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

  • @truthiscensored
    @truthiscensored23 күн бұрын

    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

  • @commentator2.0
    @commentator2.024 күн бұрын

    Of course Alex Crocodile 🐊 likes Red Lobster 😂

  • @SP-vt2fl
    @SP-vt2fl24 күн бұрын

    Best biscuits ever,too much free shrimp 🦐

  • @RATED4EVER
    @RATED4EVER23 күн бұрын

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

  • @SilverbackOrangutan71
    @SilverbackOrangutan7123 күн бұрын

    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....

  • @mrmortgage
    @mrmortgage24 күн бұрын

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

  • @laralu8641
    @laralu864124 күн бұрын

    Shame. I loved their Snow Crab

  • @lindseyarnold5074
    @lindseyarnold507424 күн бұрын

    Empty parking lot says everything!

  • @GaryDelabate
    @GaryDelabate24 күн бұрын

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

  • @stevenbaer5999
    @stevenbaer599924 күн бұрын

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

  • @susansimon5105
    @susansimon510524 күн бұрын

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

  • @judylowrance5163
    @judylowrance516324 күн бұрын

    It can close no big deal

  • @MrJuvefrank

    @MrJuvefrank

    24 күн бұрын

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

  • @nouseforaname5378
    @nouseforaname537824 күн бұрын

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

  • @freddiecarr7602
    @freddiecarr760224 күн бұрын

    Installing those pizza ovens were a bad idea!

  • @annepresley1996
    @annepresley199624 күн бұрын

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

  • @Wizardof
    @Wizardof23 күн бұрын

    Shame on people for beliving these companies who LIE.

  • @marioantoniocrespoMexican92
    @marioantoniocrespoMexican9224 күн бұрын

    I’m a 140 pound adult male 🇲🇽🇺🇸

  • @ronniechavez9868
    @ronniechavez986824 күн бұрын

    So Sad but They were over Priced

  • @goldguilder9554
    @goldguilder955416 күн бұрын

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

  • @calvinbrown1995
    @calvinbrown199524 күн бұрын

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

  • @Chrissimpson-oo4qx
    @Chrissimpson-oo4qx24 күн бұрын

    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.

  • @TheloniousJackson
    @TheloniousJackson23 күн бұрын

    I’ve ate at Red Lobster before!

  • @MrJuvefrank
    @MrJuvefrank24 күн бұрын

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

  • @FKCENSORSHIP
    @FKCENSORSHIP15 күн бұрын

    High prices in a bad economy?

  • @JohnDoe-xm9ql
    @JohnDoe-xm9ql24 күн бұрын

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

  • @Godsblkd555

    @Godsblkd555

    24 күн бұрын

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

  • @JohnDoe-xm9ql

    @JohnDoe-xm9ql

    24 күн бұрын

    @@Godsblkd555 Thank you... I will

  • @hesfrombarcelona
    @hesfrombarcelona24 күн бұрын

    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.

  • @roninunrefined1637
    @roninunrefined163723 күн бұрын

    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

  • @mutantryeff
    @mutantryeff24 күн бұрын

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

  • @ScrewyDriverTheMan
    @ScrewyDriverTheMan23 күн бұрын

    Would have helped if the food actually had flavor lol

  • @TreeSnackz
    @TreeSnackz24 күн бұрын

    . 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 !

  • @sig7948
    @sig794824 күн бұрын

    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.

  • @AKAAAK
    @AKAAAK24 күн бұрын

    Red Lobster is not a staple food....🙄

  • @nouseforaname5378

    @nouseforaname5378

    24 күн бұрын

    Of course it is..

  • @DeeLite220

    @DeeLite220

    24 күн бұрын

    She sounded drunk 😂

  • @stevenjamesgiurbinojr6893

    @stevenjamesgiurbinojr6893

    24 күн бұрын

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

  • @sayrahmarie501
    @sayrahmarie50124 күн бұрын

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

  • @LouKiss
    @LouKiss23 күн бұрын

    Real estate prices raising rent. Do some research

  • @Pyroaddiction2023
    @Pyroaddiction202321 күн бұрын

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

  • @Boxingbear
    @Boxingbear24 күн бұрын

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

  • @erich84502a
    @erich84502a23 күн бұрын

    Lobsters wanted more money

  • @CashNYC
    @CashNYC23 күн бұрын

    they never updated there menu in years same old same old

  • @Alpharizzchad
    @Alpharizzchad24 күн бұрын

    I guess you can't eat anything 😅

  • @endtimesbibleprophecy
    @endtimesbibleprophecy23 күн бұрын

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

  • @njb7209
    @njb720924 күн бұрын

    Endless 🍤 🦐 🍤 🦐 🍤 🦐

  • @thefridaynetwork
    @thefridaynetwork24 күн бұрын

    Welcome to Build Back Better country

  • @MightyMouse11
    @MightyMouse1124 күн бұрын

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

  • @DeeLite220

    @DeeLite220

    24 күн бұрын

    And Wall-E

  • @plantbased15
    @plantbased1524 күн бұрын

    The food is horrible honestly

  • @texastedskol
    @texastedskol23 күн бұрын

    Shitty food and service..

  • @ericlondon2663
    @ericlondon266324 күн бұрын

    Terrible food

  • @traceejohnson290
    @traceejohnson29024 күн бұрын

    What?🤔

  • @StandingUpForBetter
    @StandingUpForBetter24 күн бұрын

    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!

  • @lrs7777
    @lrs777724 күн бұрын

    Small overpriced items

  • @edenuccio3690
    @edenuccio369024 күн бұрын

    the food was trash. how about that

  • @KingYahuchanon
    @KingYahuchanon23 күн бұрын

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

  • @jnf1270
    @jnf127024 күн бұрын

    Red Lobster is finished.

  • @Scrappy90059
    @Scrappy9005924 күн бұрын

    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

  • @TonyandSusie-MillersontheMove
    @TonyandSusie-MillersontheMove12 күн бұрын

    Does smell fishy🐠🐟🦞🐬🦀

  • @davep5095
    @davep509524 күн бұрын

    The current administration🤡🍦

  • @Kawasaki496
    @Kawasaki49624 күн бұрын

    Governor Newsom and president biden shut them down

  • @moorefacts6605

    @moorefacts6605

    24 күн бұрын

    Suzuki says no.

  • @Kawasaki496

    @Kawasaki496

    24 күн бұрын

    @@moorefacts6605 🤣

  • @nohandle74
    @nohandle7424 күн бұрын

    Bidenomics

  • @moorefacts6605

    @moorefacts6605

    24 күн бұрын

    Haha hyperbole

  • @tdestroyer4780

    @tdestroyer4780

    24 күн бұрын

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

  • @moorefacts6605

    @moorefacts6605

    24 күн бұрын

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

  • @moorefacts6605

    @moorefacts6605

    24 күн бұрын

    Saved America's economy after Trump destroyed it.

  • @moorefacts6605

    @moorefacts6605

    24 күн бұрын

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

  • @raybrock5917
    @raybrock591723 күн бұрын

    Rubber lobster

  • @malin7919
    @malin791924 күн бұрын

    Biden's inflation!

  • @harrysmall-cox9579
    @harrysmall-cox957924 күн бұрын

    We did it Joe! (Cackles)

  • @marryellenmonahan5585

    @marryellenmonahan5585

    24 күн бұрын

    You should do your homework.

  • @harrysmall-cox9579

    @harrysmall-cox9579

    24 күн бұрын

    @@marryellenmonahan5585 cry more

  • @SamsungGalaxy-ls8ys
    @SamsungGalaxy-ls8ys23 күн бұрын

    Biden and co.

  • @agentdarkness7927
    @agentdarkness792724 күн бұрын

    Bidenomics at its best.

  • @tomhenry897
    @tomhenry89724 күн бұрын

    Biden economics

  • @demonways1978
    @demonways197824 күн бұрын

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

  • @Polarjack420
    @Polarjack42024 күн бұрын

    Isnt it obvious? Brandon. Fjb

  • @NHLblkgurl
    @NHLblkgurl24 күн бұрын

    One word: Joseph Robinette Biden Jr and Joeflation.

  • @meansnowflake

    @meansnowflake

    24 күн бұрын

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

  • @NHLblkgurl

    @NHLblkgurl

    24 күн бұрын

    @@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

    @NHLblkgurl

    24 күн бұрын

    @@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

    @meansnowflake

    24 күн бұрын

    @@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

    @NHLblkgurl

    24 күн бұрын

    @@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.

  • @Queen-dl5ju
    @Queen-dl5ju24 күн бұрын

    Bidenomics