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Once a seafood powerhouse in America, Red Lobster is bankrupt and shutting down dozens of restaurants. Is Wall Street to blame? 00:00 - Intro 01:00 - Red Lobster Expands Across the US 01:27 - General Mills, Darden Restaurants, and Golden Gate 02:39 - The Private Equity Firm Makes Sale-Leaseback Transactions 03:21 - Thai Union Takes Over Red Lobster 03:35 - COVID Hits the Seafood Chain 04:52 - Red Lobster Loses Millions with Endless Shrimp Promotion 05:45 - The Struggles of Red Lobster 06:28 - Investor Interference and the ‘Shrimp Mafia’ 07:24 - Red Lobster Declares Bankruptcy 08:28 - Credits MORE FROM RISE AND FALL 4 American Food Chains That Died And Came Back | Rise and Fall Marathon | Business Insider • 4 American Food Chains That Died And Came ... The Rise And Fall Of America's Favorite Junk Foods | Rise and Fall | Insider Business • The Rise And Fall Of America's Favorite Ju... Why These 3 Airlines Disappeared From The Skies | Rise And Fall | Insider Business • Why These 3 Airlines Disappeared From The ... ------------------------------------------------------ #redlobster #riseandfall #businessinsider Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: https://www.businessinsider.com Business Insider on Facebook: / businessinsider Business Insider on Instagram: / insiderbusiness Business Insider on Twitter: / businessinsider Business Insider on Snapchat: / 5319643143 Business Insider on TikTok: / businessinsider Red Lobster's Fall Is A Case Study Of How To Kill A Business | Rise and Fall | Business Insider