Episode 3

Who Really Wanted Endless Shrimp?

Everyone says endless shrimp killed Red Lobster. The reported cost of the deal was about $11 million. The same year's lease bill was about $190 million. So what really happened, and why are creditors now in court over who wanted that deal?

Subscribe on YouTube

Chapters

0:00 The $20 deal
0:45 From Lakeland to $1 billion
1:38 A chain that owned its land
3:05 Thai Union arrives
3:59 The people at the top
4:23 Endless shrimp goes permanent
5:00 $11 million versus $190 million
5:21 The allegations
6:19 The cash runs out
6:54 What the filing really said
7:17 Under new owners
7:49 Shrimp returns
8:06 What the evidence points to

About this episode

The lawsuit described in this video contains allegations that have not been proven, and Thai Union rejects them. This video tells a business story. It is not financial, legal or investment advice.

Sources

This video tells a business story. It is not medical, legal or financial advice.

Next episode

Coming soon

Subscribe to get it first