Struggling Red Lobster is abruptly closing at least 48 of its restaurants around the country, according to a leading restaurant liquidator.

48/650 locations so it’s not bad YET. But generally these things don’t get better.

  • @jordanlundOPMEnglish
    7•5 months ago

    Same thing that happened with Toys R Us and Kay Bee toys.

    I think it was Bain Capital responsible for those.

    • @CortEnglish
      2•5 months ago

      Sun Capitol did the same to Marsh. Sold off all the really valuable properties and then folded after they got their money out