Landry's Restaurants in trouble
this is part of an article from Yahoo! yesterday.
15 Companies That Might Not Survive 2009
"Landry's Restaurants. (LNY; about 17,000 employees; stock down 66%). This restaurant chain, which operates Chart House, Rainforest Café, and other eateries, needs $400 million in new financing to finalize a buyout deal dating to last June. If lenders come through, the company should have enough cash to ride out the recession. But at least two banks have already balked, leading to downgrades of the company's debt and the prospect of a cash-flow crunch."
At Disney it is Rainforest, T-Rex and Yak & Yeti
$400 Million. Yikes! Wonder what the contracts with Disney say if these restaurants go belly up with their Mother Company. Disney tends to cover all their bases.