this post was submitted on 07 Jan 2025
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chapotraphouse
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Yup. It was never the shrimp, it was the fact that the hedge fund was stripping the entire biz. They sold all the property to themselves and had each restaurant rent out the space. Hedge fund made a profit on their purchase just in time to close down all restaurants. There probably is something like that going on here.
I think RL also had to purchase the shrimp from the parent company for unfavorable prices.