Artwork

Innhold levert av Kelly Barner and Art of Procurement. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Kelly Barner and Art of Procurement eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Player FM - Podcast-app
Gå frakoblet med Player FM -appen!

Ultimate Endless Real Estate Costs at Red Lobster

22:00
 
Del
 

Manage episode 425901027 series 3317274
Innhold levert av Kelly Barner and Art of Procurement. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Kelly Barner and Art of Procurement eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Red Lobster, the largest seafood chain in the United States, declared bankruptcy on May 19, 2024. As of the filing, they had 551 locations operating in 44 states, but underperforming locations have already started to close.

What brought about the bankruptcy of the restaurant chain that rapper Flavor Flav describes as “one of America's greatest dining dynasties”? It wasn’t all-you-can-eat shrimp, as some have suggested, but it may very well have been endless real estate costs.

In this week’s episode of Art of Supply, Kelly Barner walks a mile in Red Lobster’s shoes:

  • Tracing their rise as an innovative dining concept, the first restaurant to advertise on national television
  • Evaluating the impact that a ‘sale leaseback’ of their real estate had on the chain’s long term profitability
  • Questioning the rationale of being owned by their largest seafood supplier, and all of the complications that accompanied this circular relationship

Links:

  continue reading

121 episoder

Artwork
iconDel
 
Manage episode 425901027 series 3317274
Innhold levert av Kelly Barner and Art of Procurement. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Kelly Barner and Art of Procurement eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Red Lobster, the largest seafood chain in the United States, declared bankruptcy on May 19, 2024. As of the filing, they had 551 locations operating in 44 states, but underperforming locations have already started to close.

What brought about the bankruptcy of the restaurant chain that rapper Flavor Flav describes as “one of America's greatest dining dynasties”? It wasn’t all-you-can-eat shrimp, as some have suggested, but it may very well have been endless real estate costs.

In this week’s episode of Art of Supply, Kelly Barner walks a mile in Red Lobster’s shoes:

  • Tracing their rise as an innovative dining concept, the first restaurant to advertise on national television
  • Evaluating the impact that a ‘sale leaseback’ of their real estate had on the chain’s long term profitability
  • Questioning the rationale of being owned by their largest seafood supplier, and all of the complications that accompanied this circular relationship

Links:

  continue reading

121 episoder

所有剧集

×
 
Loading …

Velkommen til Player FM!

Player FM scanner netter for høykvalitets podcaster som du kan nyte nå. Det er den beste podcastappen og fungerer på Android, iPhone og internett. Registrer deg for å synkronisere abonnement på flere enheter.

 

Hurtigreferanseguide

Copyright 2024 | Sitemap | Personvern | Vilkår for bruk | | opphavsrett