DJ Ryan Brown
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DJ Ryan Brown
@DJRyanBrown
⭕️ DJ. Phish. Disco. House. Funk. Hip Hop. CFA


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 chain’s owners is Thai seafood firm Thai Union (which also owns Chicken By The Sea) and it may have used Endless shrimp to dump its own shrimp supply through the 578 restaurants in North America ▫️Thai Union became the only Red Lobster shrimp vendor, overcharging for shrimp and skipping quality reviews (Thai Union has written off its $500m+ investment) ▫️Red Lobster has had 5 CEO in the last 5 years (!!!) ▫️Sales down 30% since 2019 Link: document.epiq11.com/document/getdo…















