Joe’s Crab Shack
This seafood chain was founded in Houston, Texas,, and has branches all over America, particularly in the south, where it is more instrumental to have the beach theme. Having gone through numerous sales and having been bought by J.H. Whitney & Co. for $192 million during 2006. Joe’s Crab Shack went insolvent and its debt was $225 million, which was supposed by J.H. They declared bankruptcy during 2017, and Joe’s Crab Shacks was purchased by Landry’s, Inc., but unfortunately have had to shut down many of its branches and there are predictions of many more planned closures this year. But, Landry’s, Inc. does not see it closing all Joe’s Crab Shacks, but it does plan on rather reforming the chain.
Joe’s Crab Shack
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