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Fred Mobster
(lemmy.world)
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this post was submitted on 26 May 2024
1006 points (98.8% liked)
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Actually, a Thai seafood producer bought Red Lobster and made it sell products like shrimp at a loss so it could move more product, allegedly. Patrick Boyle does a good dive into it: https://youtu.be/BEDFNcsC0JI
Both are true. The land sale did great short term benefit, terrible 5 year turnout as the fun dries up and they can't afford rent at a lot of locations as easily. Then the seafood producer put the squeeze on em.
I hate it when the fun dries up, but at least it lasted 5 years.