Trung Phan
@TrungTPhan · May 20, 2024
Details from Red Lobster’s bankruptcy filing are wild and so much mismanagement:
▫️$1B in debt, $30m in cash
▫️Previous PE owner sold land and leased it back to Red Lobster at “above market rates”
▫️$20 Endless Shrimp cost it $11m but the interesting part is that one of the
Elon Musk
@elonmusk
Too bad (sigh). I have some fond memories from a long time ago of eating at Red Lobster.
06:55 PM · May 20, 2024 · 132.8K views
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