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This would possibly make you’re feeling crabby.
Pink Lobster could also be filing for Chapter 11 bankruptcy soon, based on sources who spoke with Bloomberg on Tuesday.
The seafood chain is reportedly dealing with a large amount of debt from expensive leases and rising labor costs.
By submitting for chapter, Pink Lobster would be capable of proceed working whereas it really works on a option to reduce its debt, though a remaining resolution has not but been made.
Pink Lobster connoissueurs shared tongue-in-cheek observations.
“Me racing to Red Lobster right now to spend all my gift cards earlier than they’re not honored by the chapter courtroom,” one person wrote on X, posting a video of the boxer Mike Tyson sprinting.
Me racing to Pink Lobster proper now to spend all my present playing cards earlier than they’re not honored by the chapter courtroom pic.twitter.com/ypvbHzinYD
— Robert Sterling (@RobertMSterling) April 16, 2024
“Red Lobster is considering a Chapter 11 bankruptcy filing. I assume you possibly can say the corporate is in sizzling water,” one other individual quipped.
One X person took time to earnestly keep in mind the chain’s cheddar biscuits, that are offered in unlimited quantities for individuals who dine-in on the restaurant:
“My father-in-law is the head chef at a famous restaurant. He’s insanely gifted. We have been at a Pink Lobster years in the past and I requested him what it will price to recreate the Cheddar Bay biscuits from scratch. I’ll always remember his answe r… ‘We are able to’t, we don’t know the way to do it.’”
Pink Lobster says it was based in 1968 in Lakeland, Fla., and opened a whole lot of areas all through the U.S. and Canada, along with franchises in Mexico, Japan, Ecuador and Thailand.
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