May 20, 2024
Red Lobster’s woes go beyond just bottomless shrimp
Patrick T. Fallon/AFP via Getty Images
Some of the eatery's troubles can be traced back to its purchase by a private equity firm a decade ago.
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Segments From this episode
Bottomless shrimp and bottomed out finances
The Red Lobster restaurant chain has officially filed for bankruptcy protection. The national chain of seafood restaurants has struggled in recent years, with high labor costs, expensive leases and a popular promotion that ate into profits.
A pulse check of the masterpiece market
New York’s major auction houses have ended a marquee week of sales, which happens twice a year. And the final tallies show that the art world is struggling to overcome a recession of its own as prices fall and demand withers.
The team
David Brancaccio
Host
Leanna Byrne
Host, BBC
Kelly Silvera
Executive Producer
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Alex Schroeder
Producer
Ariana Rosas
Producer
Dylan Miettinen
Digital Producer
Jesson Duller
Media Producer
Nic Perez
Director/Producer
James Graham
Producer, BBC
Jo Critcher
Producer, BBC
Naomi Rainey
Producer, BBC
Lis Mahy
Producer, BBC
