Landry's Restaurants in trouble

HauntedGabe · 02-10-2009, 03:08 PM

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.

NC_WDW_Daddy · 02-11-2009, 09:34 AM

I'm not all that surprised since they tend to have costly operations. We ate at Rainforest Cafe 3x over the years and only had a good experience once. The problem was with the service. Never saw our server except to take our order and deliver the check. Noone around to correct and order after food was delivered and I kep having to go up to the bar for drink re-fills. After two experiences like that, we wouldn't go back. Why pay those prices to be treated that way? Maybe Disney will take over and do a better job.

Bubba88 · 02-11-2009, 11:49 AM

WOW, after they put that money into the T-REX. That would be a big hit to downtown Diseny if that and Rain Forest closed down. Yak and Yeti in Animal Kingdom also.....

SnwhtNdwrfs · 02-11-2009, 01:17 PM

We really enjoyed Yak and Yeti. I would hate to see something happen to that restaurant. There are other Landry restaurants that I like better than Rainforest that I would hate to see go.

mini-V · 02-11-2009, 07:06 PM

We like Yak & Yeti as well. Rainforest and T-Rex are less important to us. The loss of any those restaurants would be a loss to DTD and the parks involved.

tink2thecore · 02-11-2009, 10:13 PM

Even if Landry's went under, I think that Disney would either buy out the restaurants or they would ask another firm to pick them up.

Even so, Rainforest is not my favorite, and we have yet to visit the other restaurants.

Tmntrans · 02-12-2009, 09:08 PM

I've been to RainForest at AK at least a half dozen times in the last year and half. With the exception of it raining outside and soaking wet and seating us under a huge vent, it was always awesome. (they moved us after we complained)The last time in January I joined the Safari Club. I hope it still open in March and October when we go again. I know the one in Galveston Texas has a very reduced menu and not doing very well after the hurricane.

02-10-2009, 03:08 PM	#1
HauntedGabe Where'd she go??? Join Date: Oct 2007 Location: Hamlet, IL Posts: 17,935	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. __________________ Some people are like Slinkies. They aren't really good for anything, but they still bring a smile to my face when I push them down a flight of stairs. Friends are Gods way of apologizing to us for our families.

02-11-2009, 01:17 PM	#4
SnwhtNdwrfs Dancing with the dwarfs! Join Date: Apr 2005 Location: Being entertained by the voices in my head Posts: 44,275	We really enjoyed Yak and Yeti. I would hate to see something happen to that restaurant. There are other Landry restaurants that I like better than Rainforest that I would hate to see go. __________________ A person who won't read has no advantage over one who can't read. Mark Twain

02-11-2009, 07:06 PM	#5
mini-V Home at last near Mickey! Join Date: Oct 2005 Location: Mickey's backyard Posts: 8,950	We like Yak & Yeti as well. Rainforest and T-Rex are less important to us. The loss of any those restaurants would be a loss to DTD and the parks involved. __________________ mini-V What will you celebrate? Adult daycare for the kid inside you.

02-11-2009, 10:13 PM	#6
tink2thecore A-Ticket holder Join Date: Mar 2008 Location: PA Posts: 28	Even if Landry's went under, I think that Disney would either buy out the restaurants or they would ask another firm to pick them up. Even so, Rainforest is not my favorite, and we have yet to visit the other restaurants. __________________ If you can Dream it, the you can do it! My only hope is that we never lose sight of one thing, that it was all started by a mouse Disney 2009 Part Two: 3 months 15 days.... Cannot wait!!

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02-11-2009, 09:34 AM	#2
NC_WDW_Daddy Annual Passholder Join Date: Jul 2008 Location: Richlands, NC Posts: 3,158	I'm not all that surprised since they tend to have costly operations. We ate at Rainforest Cafe 3x over the years and only had a good experience once. The problem was with the service. Never saw our server except to take our order and deliver the check. Noone around to correct and order after food was delivered and I kep having to go up to the bar for drink re-fills. After two experiences like that, we wouldn't go back. Why pay those prices to be treated that way? Maybe Disney will take over and do a better job.

02-11-2009, 11:49 AM	#3
Bubba88 B-Ticket Holder Join Date: Aug 2007 Location: Coopersburg,PA Posts: 83	WOW, after they put that money into the T-REX. That would be a big hit to downtown Diseny if that and Rain Forest closed down. Yak and Yeti in Animal Kingdom also.....

02-12-2009, 09:08 PM	#7
Tmntrans Fastpass Holder Join Date: Apr 2007 Location: Louisiana...Cajun Country Posts: 493	I've been to RainForest at AK at least a half dozen times in the last year and half. With the exception of it raining outside and soaking wet and seating us under a huge vent, it was always awesome. (they moved us after we complained)The last time in January I joined the Safari Club. I hope it still open in March and October when we go again. I know the one in Galveston Texas has a very reduced menu and not doing very well after the hurricane.